Q1. Whose signatures are found on a hundred rupee note ?
(a) President of India
(b) Governor of Reserve Bank of India
(c) Prime Minister
(d) Finance Minister
(UPSC Prelims 1980)
Answer: (b) Governor of Reserve Bank of India
Explanation: Every Indian currency note, including the ₹100 note, bears the signature of the RBI Governor, signifying its authenticity and legal tender status.
Q2. The Reserve Bank of India was established in
(a) 1935
(b) 1947
(c) 1952
(d) 1969
(UPSC Prelims 1987)
Answer: (a) 1935
Explanation: The Reserve Bank of India (RBI) was established on April 1, 1935, under the RBI Act of 1934. It became the central bank of India, responsible for monetary policy and financial regulation.