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A Learning Portal from Recruitment India
Who is the present RBI Governor?
Raghuram Rajan
YB Reddy
D Subbarao
Shri Shaktikanta Das
Answer with explanation
Answer: Option DExplanation
Shri Shaktikanta Das, IAS Retd., former Secretary, Department of Revenue and Department of Economic Affairs, Ministry of Finance, Government of India assumed charge as the 25th Governor of the Reserve Bank of India effective December 12, 2018.
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FEMA was introduced in which of the following year?
1990
1999
1991
1989
Answer with explanation
Answer: Option BExplanation
Foreign Exchange Management Act was enacted in 1999 and it had 25 original notifications. This act came into force w.e.f June 1, 2000.FEMA manages foreign exchange, i.e. forex.
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On which bank The Reserve Bank of India has imposed a penalty of Rs 1 crore?
Bank of Baroda
Bank of India
Punjab National Bank
Punjab & Sind Bank
Answer with explanation
Answer: Option CExplanation
The Reserve Bank of India has imposed a penalty of Rs 1 crore on Punjab National Bank for violating the Payment and Settlement Systems Act, 2007, the state-run lender said. Punjab National Bank was operating a bilateral ATM-sharing arrangement with Druk PNB Bank Ltd., Bhutan, since April 2010 without prior approval or authorization from India’s banking regulator RBI imposed the Rs 1 crore penalty for “contravention of the nature referred to in Section 26 (6) of the Payment and Settlement Systems Act, 2007.
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Which of the following stock exchange is derecognized by SEBI on 19.11.2014 on the allegations of serious irregularities in its functioning?
Delhi Stock Exchange
Bombay Stock Exchange
Bangalore Stock Exchange
Calcutta Stock Exchange
Answer with explanation
Answer: Option AExplanation
Delhi Stock Exchange
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