BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Reserve Street
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Credit Street
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Mint Street
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None of the above
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Detailed explanation-1: -What Street Name is used to refer to the RBI? Notes: RBI is the central bank of India which controls the issuance and supply of the Indian rupee. It is also referred to as the Mint Street. RBI is also known as banker’s bank.
Detailed explanation-2: -The bank is often referred to by the name ‘Mint Street’.
Detailed explanation-3: -Mint Street Memos (MSM) is a series of documents that are in the form of brief reports and analysis on contemporary topics, prepared by the staff of RBI and Centre for Advanced Financial Research and Learning (CAFRAL), or drawn from one of the recent publications of the Bank.
Detailed explanation-4: -In 1841–1842, the East India Company moved its coin-making facility to this street, and since then the street became known as Mint Street. Later the mint was converted as the Government Press, which still functions.
Detailed explanation-5: -The name has always been Reserve Bank of India. It was established through the Reserve Bank of India (RBI) Act, 1934.