Topic 173 · Answers

RBI's record Rs 2.87 lakh crore surplus

All 10 answers, each with its Book 1 RATNA fact. Try the questions first

Question 1Answer A
On which date did the RBI Central Board approve the record surplus transfer?
- Correct answer: 22 May 2026
- 31 March 2026
- 8 April 2026
- 24 June 2026
Core Trigger: On 22 May 2026 the RBI Central Board approved a record surplus transfer of Rs 2,86,588.46 crore for 2025-26.From Book 1 RATNA, topic 173, point 1
Question 2Answer B
The Contingent Risk Buffer was cut from 7.5% to what?
- 5.5%
- Correct answer: 6.5%
- 7.0%
- 4.5%
Key Change: The Contingent Risk Buffer was cut to 6.5% from 7.5%, the first cut since 2019, enlarging the payout.From Book 1 RATNA, topic 173, point 2
Question 3Answer C
Which Governor chaired the 623rd Central Board meeting in Mumbai?
- Shaktikanta Das
- Urjit Patel
- Correct answer: Sanjay Malhotra
- Raghuram Rajan
Current Head: Governor Sanjay Malhotra chaired the 623rd Central Board meeting in Mumbai.From Book 1 RATNA, topic 173, point 3
Question 4Answer A
By what per cent did the RBI balance sheet grow on 31 March 2026?
- Correct answer: 20.61
- 26.42
- 8.00
- 15.61
Balance Sheet: It grew 20.61% to Rs 91,97,121.08 crore on 31 March 2026.From Book 1 RATNA, topic 173, point 4
Question 5Answer B
What was the 2024-25 surplus transfer?
- Rs 2,10,874.00 crore
- Correct answer: Rs 2,68,590.07 crore
- Rs 1,87,000.00 crore
- Rs 3,01,000.00 crore
Data Point: The 2024-25 transfer was Rs 2,68,590.07 crore; gross income rose 26.42% in 2025-26.From Book 1 RATNA, topic 173, point 5
Question 6Answer A
Consider: 1. The Central Government receives the surplus. 2. It is now about 8% of revenue receipts, up from about 12% a decade ago. Which is/are correct?
- Correct answer: Only 1
- Only 2
- Both 1 and 2
- Neither
Stakeholders: The Central Government receives the surplus, now about 8% of its revenue receipts, up from about 5% a decade ago.From Book 1 RATNA, topic 173, point 6
Question 7Answer D
Where did the RBI Central Office first sit?
- Mumbai
- New Delhi
- Chennai
- Correct answer: Kolkata
Headquarters: The RBI Central Office first sat in Kolkata and moved permanently to Mumbai in 1937.From Book 1 RATNA, topic 173, point 8
Question 8Answer C
RBI began functioning in which year?
- 1937
- 1947
- Correct answer: 1935
- 1949
Founded: The RBI was established on 1 April 1935 under the Reserve Bank of India Act, 1934.From Book 1 RATNA, topic 173, point 9
Question 9Answer B
Which committee advised adopting the Economic Capital Framework?
- Y.H. Malegam committee
- Correct answer: Bimal Jalan committee
- Nachiket Mor committee
- Raghuram Rajan committee
Landmark: The Economic Capital Framework was adopted on 26 August 2019 on the Bimal Jalan committee's advice; revised 15 May 2025.From Book 1 RATNA, topic 173, point 10
Question 10Answer C
Consider: 1. Section 47 of the RBI Act requires surplus profits after provisions to go to the Centre. 2. The revised CRB range is 4.5-7.5%. Which is/are correct?
- Only 1
- Only 2
- Correct answer: Both 1 and 2
- Neither
Statute: Section 47 of the RBI Act, 1934 requires surplus profits, after provisions, to be paid to the Central Government.From Book 1 RATNA, topic 173, point 11

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On which date did the RBI Central Board approve the record surplus transfer?

The Contingent Risk Buffer was cut from 7.5% to what?

Which Governor chaired the 623rd Central Board meeting in Mumbai?

By what per cent did the RBI balance sheet grow on 31 March 2026?

What was the 2024-25 surplus transfer?

Consider: 1. The Central Government receives the surplus. 2. It is now about 8% of revenue receipts, up from about 12% a decade ago. Which is/are correct?

Where did the RBI Central Office first sit?

RBI began functioning in which year?

Which committee advised adopting the Economic Capital Framework?

Consider: 1. Section 47 of the RBI Act requires surplus profits after provisions to go to the Centre. 2. The revised CRB range is 4.5-7.5%. Which is/are correct?