Economics RBI notes pdf gk/gs notes pdf

Economics RBI notes pdf

Establishment:-1 April 1935(RBI act 1934)

Headquarter:-Mumbai(before 1937 its in Calcutta)

⇒RBI was established with the capital of rs 5 crore which was divided into 5 lakh equity share of rs100 each

• Nationalisation of RBI- 1 January 1949
• financial year of RBI- 1july-30june
• RBI logo has a picture of tiger and palm tree
• there are 21 members in RBI committee

Governor	1
Deputy governor	4
Regional head	4
Directors	10
Government officials	2
Total	21

• RBI has 4 regional boards,19 regional officers and 11 sub-offices
• Maximum tenure of RBI governor- 5 years or the age of 65 years whichever is earlier

• Important points	governors
  1st governor of RBI	Os born smith(1935-37)
  2nd  governor of RBI	James taylor(1937-43)
  1st   Indian governor of RBI	C.D.deshmukh(1943-49)
  15th RBI governor	Dr. Manmohan singh(1982-85)
  23rd RBI governor	Raghuram govind rajan(2013-16)
  24th RBI governor	Urjit patel (2016-2018)
  25th RBI governor	Shaktikant das (2018-incubent)

• Maximum tenure of which RBI governor -benegal rama rau [4th RBI governor(1949-57)(7years 197 days)]
• Shortest tenure of which RBI governor -AMITAV GOSH[16th RBI governor(1985-85)(20 days)]

⇒1st female deputy governor of RBI-

1. K.J. UDESHI(2003-05)
2. SHYAMALA GOPINATH(2004-09)
3. USHA THORAT(2005-10)

FUNCTIONS OF RBI:-

1. Issue of paper currency
2. Banker of the government(central+state)
3. bankers bank and lander of last resort
4. controller of credit
5. custodian of foreign reserve

Important points about issue of paper currency  

1. rs1 and all coins issued by ministry of finance
2. rs2 and above notes issued by RBI
3. signature:-(rs1 -fiance secretary)(rs2 and above- RBI)
4. since 1957 RBI issue paper currency on the basis of minimum reserve system

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