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1.  
As on 16 October 2026 (RBI website), the Governor of the Reserve Bank of India is:

Correct Answer: A [Sanjay Malhotra]

Explanation:

Sanjay Malhotra – 26th Governor, from 11 December 2024 (rbi.org.in).

2.  
The rate at which the RBI provides liquidity to banks under the LAF against government and other approved securities is the:

Correct Answer: D [Policy repo rate]

Explanation:

That is the RBI's definition of the policy repo rate.

3.  
Since April 2022, the floor of the LAF corridor is the:

Correct Answer: B [Standing Deposit Facility rate]

Explanation:

The SDF became the floor in April 2022.

4.  
The Cash Reserve Ratio is maintained by a bank:

Correct Answer: C [as a balance with the RBI]

Explanation:

CRR = average daily balance with the RBI (Section 42).

5.  
How many members does the Monetary Policy Committee have?

Correct Answer: C [6]

Explanation:

Six members (Section 45ZB).

6.  
The CPI inflation target notified for India is:

Correct Answer: D [4%]

Explanation:

4% with a band of 2% to 6%.

7.  
The upper tolerance limit of the inflation target is:

Correct Answer: B [6%]

Explanation:

Upper 6%, lower 2%.

8.  
The SDF rate is placed how many basis points below the policy repo rate?

Correct Answer: A [25 bps]

Explanation:

SDF = repo − 25 bps; MSF = repo + 25 bps.

9.  
The Bank Rate is aligned with the:

Correct Answer: D [MSF rate]

Explanation:

The Bank Rate moves with the MSF rate (5.75% each on 14 Oct 2026).

10.  
Fill in the blank: One basis point = ____ percentage point.

Correct Answer: A [0.01]

Explanation:

1 bp = 1/100 of a percentage point.

11.  
Coins in India are minted and issued by the:

Correct Answer: C [Government of India]

Explanation:

Coins are minted by the Government of India; the RBI puts them into circulation.

12.  
Match the tool with its description:
(i) CRR (ii) SLR (iii) MSF (iv) SDF
(p) penal overnight borrowing (q) uncollateralised overnight deposit with the RBI (r) balance kept with the RBI (s) securities, cash or gold kept by the bank

Correct Answer: B [i-r, ii-s, iii-p, iv-q]

Explanation:

CRR – with the RBI; SLR – held by the bank; MSF – penal borrowing (ceiling); SDF – deposit (floor).

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