Faculty of GA&GS in Delhi Since 2010.Selected in LIC(ADO),BankPO,CGL,2 Times Mains in CSE,Founder:-GovtJobsAcademy @Youtube/Telegram/FB/Web.

Vikas Kumar Singh Tomar

Discover, Learn and Master all the tricks and strategy to demolish the Banking examination and achieve your goal with flying colours

Bank Exams

Hindi

(Hindi) All About Reserve Bank Of India for UPSC/SSC/BANKS

Banking Examination (IBPS/ SBI)

RBI - Preparation Strategy

Preparation Strategy

Practice and Strategy

Bank, SSC & Railway Exams

Ace the toughest competitive and government exams in India 

Test Preparation

Preparation Strategy for RBI Grade B 

The Reserve Bank of India is the central bank of the country. Central banks are a relatively recent innovation and most central banks, as we know them today, were established around the early twentieth century.

The Reserve Bank of India was set up on the basis of the recommendations of the Hilton Young Commission. The Reserve Bank of India Act, 1934 (II of 1934) provides the statutory basis of the functioning of the Bank, which commenced operations on April 1, 1935.

The Bank was constituted to
  * Regulate the issue of banknotes
  * Maintain reserves with a view to securing monetary stability and
  * To operate the credit and currency system of the country to its advantage.

The Bank began its operations by taking over from the Government the functions so far being performed by the Controller of Currency and from the Imperial Bank of India, the management of Government accounts and public debt. The existing currency offices at Calcutta, Bombay, Madras, Rangoon, Karachi, Lahore and Cawnpore (Kanpur) became branches of the Issue Department. Offices of the Banking Department were established in Calcutta, Bombay, Madras, Delhi and Rangoon.

Burma (Myanmar) seceded from the Indian Union in 1937 but the Reserve Bank continued to act as the Central Bank for Burma till Japanese Occupation of Burma and later upto April, 1947. After the partition of India, the Reserve Bank served as the central bank of Pakistan upto June 1948 when the State Bank of Pakistan commenced operations. The Bank, which was originally set up as a shareholder's bank, was nationalised in 1949.

An interesting feature of the Reserve Bank of India was that at its very inception, the Bank was seen as playing a special role in the context of development, especially Agriculture. When India commenced its plan endeavours, the development role of the Bank came into focus, especially in the sixties when the Reserve Bank, in many ways, pioneered the concept and practise of using finance to catalyse development. The Bank was also instrumental in institutional development and helped set up insitutions like the Deposit Insurance and Credit Guarantee Corporation of India, the Unit Trust of India, the Industrial Development Bank of India, the National Bank of Agriculture and Rural Development, the Discount and Finance House of India etc. to build the financial infrastructure of the country.

With liberalisation, the Bank's focus has shifted back to core central banking functions like Monetary Policy, Bank Supervision and Regulation, and Overseeing the Payments System and onto developing the financial markets.

Historical Background and Introduction of Reserve Bank Of India 🇮🇳 [RBI] (in Hindi)

Offices and Board of Directors [Members] Of RBI (in Hindi)

Main Functions of Reserve Bank Of India 🇮🇳 (RBI) (in Hindi)

Subsidiaries of Reserve Bank of 🇮🇳 (RBI) {NHB,DICGC,BRBNMPL} (in Hindi)

The present monetary system of India is based on Inconvertible Paper Currency and is managed by the RBI. The present currency system is based on minimum reserve system of note issue. It was adopted in 1957, under the minimum reserve system, minimum of gold and foreign securities to the extent of Rs. 200 Crore (of which gold should be of value Rs. 115 Crore) and the balance in rupee securities is maintained.

Some Important Points  you should know

The symbol of India Rupee "INR" came into vague on 15th July 2010.
The new symbol "INR" is an amalgamation of Devanagari "र" and the Roman "R" without the stem.
The new symbol was designed by D. Udaya Kumar, a post graduate of IIT Bombay. 
Though the symbol "INR" will not be printed or embossed on currency notes or coins, it would be included in the "Unicode Standard" and major scripts of the world to ensure that it is easily displaced and printed in the electronic and print media. 
RBI working group on money supply headed by Y. V. Reddy recommended for dropping of post office saving deposits. Accordingly, there are now only three monetary aggregates. Those are M1, M2 and M3.
The revised monetary measures are 
M1 = Coins and Notes + Demand Deposits + Other Deposits with RBI
M2 = M1 + Time liabilities proportion of Saving deposits with banks + Certificates of deposits issued by Banks + Term deposit maturing within a year.
M3 = M2+Terms deposit with banks with maturity over 1 year + call / term borrowing of the banking system.
Coins are minted at four places. Those are,
Mumbai
Kolkata
Hyderabad
Noida
Devaluation of Currency :
Devaluation of currency means reducing the value of a currency by the fiscal authorities, so as to make exports cheaper and imports costlier and overcome balance of payments deficit. In India, devaluation has been resorted to four times.
First Devaluation : In June, 1949 (by 30.5%) 
Finance Minister - Dr. John Mathai
Second Devaluation : In June, 1966 (by 57%)
Finance Minister - Sachindra Chaudhry)
Third Devaluation : on 1st July 1991 (by 9%)
Finance Minister - Dr. Manmohan Singh
Fourth Devaluation : on 3rd July 1991 (by 11%)
Finance Minister - Dr. Manmohan Singh
Printing of Securities and Minting in India

Security Press
Station
Related to
India Security Press (1992)
Nasik
Postal Material, Postal Stamps etc
Security Printing Press (1982)
Hyderabad
Union excise duty stamps
Currency Note Press (1928)
Nasik
Bank notes from Rs. 1 to Rs. 100
Bank Notes Press (1974)
Dewas
Bank Notes of Rs. 20, Rs. 50, Rs.100 and Rs. 500
Modernized Currency Notes Press (1995)
Mysore (kar) Salbani (Paschim Banga)
             “
Security Paper (1967-68)
Hoshangabad
Banks and Currency Notes paper

All About Currency System In India (in Hindi)

Mona Choudhary

In this course the educator will discuss some useful information related to LIC AAO exam.
Here we will cover eligibility criteria, syllabus, books to refer,exam pattern , and other useful details related to LIC AAO exam

(Hindi) LIC AAO Exam - Pattern, Syllabus, Books and Eligibility

Qualified IBPS PO, Category Expert at Unacademy, 6+ years of Experience in Teaching for Competitive Exams, MBA in Marketing and Finance

Sakshi Pahwa

In this course, Sakshi Saluja gives a roadmap on how to go about for the preparation of each section for RBI Grade B Phase I. The strategy is a weekly plan for the students, covering the entire syllabus.

30 Days Strategy to Crack RBI Grade B Exam: Weekly Plan

In this course, Sakshi Saluja gives a roadmap on how to go about with the preparation for RBI Grade B exam in the last 30 days. She gives a weekly plan to the students, which covers the entire syllabus.

(Hindi) 30 Days Strategy to crack RBI Grade B- Weekly Plan

Working as a Team Lead at Accenture, Noida
CLB 9 Acheiver in IELTS in Dec 2019
Cracked IBPS PO 2018
Cracked SBI Clerk 2016
MBA finance

Sahil Jain

In this course, Sahil will be discussing the overall Exam Analysis of RBI Assistant Mains exam held on 20.12.2017. We will also be discussing the expected cutoff for this exam.


This course is specially targeted for the Aspirants who will be appearing in RBI Grade B,  IBPS CLERK MAINS exam scheduled on 21.01.2018. They will be able to determine the pattern of question paper and the level of the Clerical exam.

RBI Assistant Mains 2017 Exam Analysis

Barkha Agrawal

This course is simply a stop to all your doubts about RBI GRADE B exam. In this course, Barkha has discussed the strategy to crack this exam in just 25 days. Barkha has created some short tricks about all the subjects which come in the exam, please go through it.This is a fabulous course and thus needs extra efforts by all the aspirants preparing for it. This course will surely help you all a lot.

(Hindi) Strategy to Crack RBI GRADE B Examination in 25 Days

In this course the educator will discuss full details regarding SBI clerk 2019 so that learners can know full information regarding this exam.
Exam dates, syllabus, exam pattern , eligibility etc everything will be covered in this course.

Lessons

5 lessons • 46m

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Historical Background and Introduction of Reserve Bank Of India 🇮🇳 [RBI] (in Hindi)

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Offices and Board of Directors [Members] Of RBI (in Hindi)

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Main Functions of Reserve Bank Of India 🇮🇳 (RBI) (in Hindi)

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Subsidiaries of Reserve Bank of 🇮🇳 (RBI) {NHB,DICGC,BRBNMPL} (in Hindi)

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All About Currency System In India (in Hindi)