What is the Paid-up- Capital of the Reserve Bank of India?

General Knowledge Indian Economy Difficulty: Easy
Choose an option
  • A
    5 crore
  • B
    10 crore
  • C
    15 crore
  • D
    20 crore
  • E
    50 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**.
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