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Topic 173 · Economy, Budget & Banking

RBI's record Rs 2.87 lakh crore surplus

10 MCQs · tap an option to check it · All answers

Revise the 12 points first Book 1 RATNA
  1. 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.
  2. Key Change: The Contingent Risk Buffer was cut to 6.5% from 7.5%, the first cut since 2019, enlarging the payout.
  3. Current Head: Governor Sanjay Malhotra chaired the 623rd Central Board meeting in Mumbai.
  4. Balance Sheet: It grew 20.61% to Rs 91,97,121.08 crore on 31 March 2026.
  5. Data Point: The 2024-25 transfer was Rs 2,68,590.07 crore; gross income rose 26.42% in 2025-26.
  6. Stakeholders: The Central Government receives the surplus, now about 8% of its revenue receipts, up from about 5% a decade ago.
  7. India Link: The Centre's fiscal deficit target for 2026-27 is 4.3% of GDP.
  8. Headquarters: The RBI Central Office first sat in Kolkata and moved permanently to Mumbai in 1937.
  9. Founded: The RBI was established on 1 April 1935 under the Reserve Bank of India Act, 1934.
  10. Landmark: The Economic Capital Framework was adopted on 26 August 2019 on the Bimal Jalan committee's advice; revised 15 May 2025.
  11. Statute: Section 47 of the RBI Act, 1934 requires surplus profits, after provisions, to be paid to the Central Government.
  12. Definition: The Contingent Risk Buffer is a provision against monetary, financial-stability, credit and operational risks; the revised range is 4.5-7.5%.
Question 1 of 10

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

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Answer: (A) 22 May 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 2 of 10

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

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Answer: (B) 6.5%

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 3 of 10

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

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Answer: (C) Sanjay Malhotra

Current Head: Governor Sanjay Malhotra chaired the 623rd Central Board meeting in Mumbai.From Book 1 RATNA, topic 173, point 3

Question 4 of 10

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

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Answer: (A) 20.61

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 5 of 10

What was the 2024-25 surplus transfer?

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Answer: (B) Rs 2,68,590.07 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 6 of 10

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?

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Answer: (A) Only 1

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 7 of 10

Where did the RBI Central Office first sit?

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Answer: (D) 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 8 of 10

RBI began functioning in which year?

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Answer: (C) 1935

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 9 of 10

Which committee advised adopting the Economic Capital Framework?

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Answer: (B) Bimal Jalan 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 10 of 10

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?

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Answer: (C) Both 1 and 2

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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