Reserve Bank of India

Reserve Bank of India - TNPSC

The Reserve Bank of India (RBI) was established on April 1 1935 under Reserve Bank of India Act, 1934. It is India's central bank and regulatory body responsible for regulation of Indian Banking system. It is managed under Ministry of Finance, India.

Main Functions:
Monetary authority

RBI Formulates, implements and monitors the monetary policy.
The objective behind this is to maintain price stability while maintaining the growth.

Manager of Foreign Exchange

Manages the Foreign Exchange Management act, 1999 (FEMA)
Faciliates external trade and payment and maintenance of foreign exchange market in the country.

Issuer of Currency

Issues, exchanges and even destroys currency and as well puts the coins minted by Government of India into Circulation.

Know about RBI Exams : RBI Grade B Exam

TNPSC Previous year Questions:

1. Consider the following statements:

1. The governor of the RBI is appointed by Central Government.

2. Certain provisions in the constitution of India give the Central Government the right to issue directions to the RBI in the public interest.

3. The Governor of the RBI draws his natural power from the RBI Act.

Which of the above statements is/are correct?

a. 1 and 2 only

b. 2 and 3 only

c. 1 and 3 only

d. 1,2 and 3

Answer: 1 and 3 only.

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RBI Grade B Exam

The RBI Grade B exam is conducted by the Reserve Bank of India to recruit officers in Grade 'B' (General) - DR, DEPR, and DSIM in the Common Seniority Group (CSG) Streams. It is a top level competitive exam that tests candidates on various subjects, including general awareness, English, quantitative aptitude, and reasoning. Eligibility Criteria : Before applying, candidates must ensure they meet the eligibility criteria: Nationality : The Candidate must be a citizen of India. Age : Must be between 21 to 30 years. Age relaxations are applicable for reserved categories. Educational Qualification : For Grade 'B' (General) DR: A minimum of 60% marks (50% for SC/ST/PwBD) in Graduation. For DEPR and DSIM: Post-graduation in relevant fields with required percentage. Exam Pattern: The RBI Grade B exam is conducted in 3 phases: Phase-I (Preliminary Exam) : Objective type, includes General Awareness, English Language, Quantitative Aptitude, and Reasoning. Phase-II (Main Exam)

Iyothee Thass Pandithar - TNPSC

Pandit Iyothee Thass C. Iyothee Thass (20 May 1845 – 1914) was an Indian anti-caste activist and a practitioner of Siddha medicine. He famously converted to Buddhism and called upon the Paraiyars to do the same, arguing that this was their original religion. Iyothee Thass was born Kathavarayan on 20 May 1845 in Thousand Lights , a neighbourhood in Madras (now Chennai), and later migrated to the Nilgiris district . Work : In the 1870s, Iyothee Thass organized the Todas and other tribes of the Nilgiri Hills into a formidable force for the freedom movement. In 1876, Thass established the Advaidananda Sabha and launched a magazine called Dravida Pandian in collaboration with Rev. John Rathina. In 1886, Thass issued a revolutionary declaration that Scheduled caste people (Dalits) were not Hindus. Following this declaration, he established the “Dravida Mahajana Sabha '' in 1891 along with Rettamalai Srinivasan. During the 1891 census, he urged the members of Schedul

Calling Attention Motion

What are Motion A Motion refers to a formal proposal made by a member of Legislature to initiate discussion on a matter of general public importance. It can be Moved either by ministers or Private Members. No Discussion can be made except for such motions that has consent of presiding officer. Calling Attention Motion A member may with the prior permission of the Speaker call the attention of a Minister to a matter of urgent public importance and request him to make a statement thereon. This is an Indian Innovation.

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