Subsidiaries — Set 1
Banking · सहायक कंपनियां · Questions 1–10 of 50
Which organization is a fully owned subsidiary of RBI that handles the printing of banknotes?
Correct Answer: C. BRBNMPL
BRBNMPL stands for Bharatiya Reserve Bank Note Mudran Private Limited. It was established by the RBI to augment the production of banknotes in India. The company manages two specialized presses located in Mysuru and Salboni.
DICGC, a subsidiary of RBI, provides insurance for which of the following?
Correct Answer: B. Bank Deposits
DICGC provides insurance to depositors in the event of a bank failure. It currently insures each depositor in a bank up to a maximum of ₹5 lakh for both principal and interest amounts. This protection covers all commercial and cooperative banks operating in India.
What is the full form of ReBIT, a wholly owned subsidiary of the Reserve Bank of India?
Correct Answer: A. Reserve Bank Information Technology Private Limited
ReBIT was established to take care of the information technology requirements of the Reserve Bank. It focuses on IT systems audit and cybersecurity needs of the central bank. The subsidiary also assists RBI in performing technical risk assessments of regulated entities.
Which RBI subsidiary provides specialized services in Information Technology and Allied Services to RBI and financial institutions?
Correct Answer: C. IFTAS
IFTAS stands for Indian Financial Technology and Allied Services. It is a wholly owned subsidiary that manages critical financial messaging systems like SFMS. It serves as a centralized hub for technology-related support to the entire Indian financial sector.
The Reserve Bank Innovation Hub (RBIH) was incorporated in which year as a subsidiary of RBI?
Correct Answer: C. 2022
RBIH was incorporated as a Section 8 company in 2022 to promote innovation in the financial sector. It aims to create an ecosystem that focuses on the low-income population and financial inclusion. The hub is headquartered in Bengaluru and works on developing friction-less credit solutions.
Which of the following was formerly a subsidiary of RBI but is now entirely owned by the Government of India?
Correct Answer: B. NHB
National Housing Bank (NHB) was once a subsidiary of RBI until the government bought the entire stake in 2019. This divestment was done based on the recommendations of the Narasimham Committee. NABARD is another major institution that followed a similar ownership transition from RBI to the government.
Where is the headquarters of Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) situated?
Correct Answer: A. Bengaluru
BRBNMPL is headquartered in Bengaluru, Karnataka. It oversees the operation of currency presses that print the majority of India's paper currency. The company was registered in February 1995 under the Companies Act.
Which act governs the operations of the Deposit Insurance and Credit Guarantee Corporation (DICGC)?
Correct Answer: B. DICGC Act, 1961
DICGC was established under the Deposit Insurance and Credit Guarantee Corporation Act of 1961. It was formed by the merger of the Deposit Insurance Corporation and the Credit Guarantee Corporation of India. This statutory framework ensures legal protection for small depositors.
The subsidiary ReBIT is primarily tasked with maintaining the ______ of the Reserve Bank of India.?
Correct Answer: B. Cybersecurity and IT assets
ReBIT is primarily responsible for securing the IT infrastructure and cybersecurity of the RBI. It conducts research and provides technical advisory services to the central bank. This ensures that the financial heart of the nation is protected against digital threats.
Which subsidiary of RBI manages the Structured Financial Messaging System (SFMS) for inter-bank communication?
Correct Answer: B. IFTAS
IFTAS manages the SFMS, which is the backbone for RTGS and NEFT transactions in India. It was created to provide highly secure and reliable technology infrastructure for the financial community. The subsidiary is based in Mumbai and operates the INFINET network.