What is the Paid-up- Capital of the Reserve Bank of India?
General Knowledge
Indian Economy
Difficulty: Easy
Choose an option
-
A5 crore
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B10 crore
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C15 crore
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D20 crore
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E50 crore
Answer
Correct Answer: 5 crore
Explanation
### Concept & Fact Check
The question tests foundational knowledge regarding the establishment and statutory capital structure of India's central banking institution.
### Step-by-Step Solution
* **Given:** The requirement to identify the Paid-up Capital of the RBI.
* **Fact Check:** The Reserve Bank of India (RBI) was established on April 1, 1935, in accordance with the provisions of the Reserve Bank of India Act, 1934. It was established with a share capital of Rs. 5 crore, divided into shares of Rs. 100 each fully paid up.
* **Conclusion:** The paid-up capital remains Rs. 5 crore.
### Exam Strategy & Shortcut
Memorize core statutory numbers for major institutions (RBI, SBI, NABARD). For RBI, the foundational paid-up capital is uniquely low (5 crore) compared to its current massive asset base, making it a memorable trivia fact.
### Common Pitfall
Assuming a much higher figure (like 50 crore) because the RBI is currently a massive financial institution, forgetting that this refers to its historical statutory establishment capital.
### Final Answer
Therefore, the correct answer is **5 crore**.