Day 3: National Organizations – Part 1

1. RBI (Reserve Bank of India)

• Full Form: Reserve Bank of India
• Establishment: April 1, 1935
• Headquarters: Mumbai, Maharashtra
• Purpose: It is India’s central bank and regulatory body responsible for the regulation of the Indian banking system and the Indian currency.
• Key Functions:
  • Issuer of Currency
  • Banker to the Government
  • Banker to Banks
  • Controller of Credit
  • Custodian of Foreign Reserves
• Founder: British Raj

2. ISRO (Indian Space Research Organisation)

• Full Form: Indian Space Research Organisation
• Establishment: August 15, 1969
• Headquarters: Bengaluru, Karnataka
• Purpose: It is India’s national space agency, responsible for space research and exploration.
• Key Functions:
  • Developing and launching satellites
  • Space exploration and research
  • Developing space technologies
  • Application of space technology for societal benefits
• Founder: Vikram Sarabhai
• Parent Organization: Department of Space

3. DRDO (Defence Research and Development Organisation)

• Full Form: Defence Research and Development Organisation
• Establishment: 1958
• Headquarters: New Delhi
• Purpose: To empower the nation with cutting-edge defence technology and equip its armed forces with state-of-the-art weapon systems and technologies.
• Key Functions:
  • Research and development of defence technologies
  • Designing and developing military equipment
  • Conducting trials and evaluations
  • Supporting the modernization of armed forces
• Notable Subsidiaries: Defence Research and Development Laboratory, Armament Research and Development Establishment.

4. SEBI (Securities and Exchange Board of India)

• Full Form: Securities and Exchange Board of India
• Establishment: April 12, 1988
• Headquarters: Mumbai, Maharashtra
• Purpose: To protect the interests of investors in securities and to promote the development of, and to regulate, the securities¹ market.
• Key Functions:
  • Regulating stock exchanges and other securities markets
  • Protecting the rights and interests of investors
  • Preventing fraudulent and unfair trade practices
  • Promoting investor education

30 MCQs on National Organizations (Day 3)

1. The Reserve Bank of India (RBI) was established in which year?
   a) 1930
   b) 1935
   c) 1947
   d) 1950
   
2. Where is the headquarters of the Indian Space Research Organisation (ISRO) located?
   a) New Delhi
   b) Mumbai
   c) Chennai
   d) Bengaluru
   
3. The Defence Research and Development Organisation (DRDO) was founded in:
   a) 1948
   b) 1958
   c) 1969
   d) 1975
   
4. The primary purpose of the Securities and Exchange Board of India (SEBI) is to:
   a) Promote industrial growth
   b) Regulate the banking sector
   c) Protect investors in the securities market
   d) Control inflation
   
5. Who among the following is considered the founder of the Indian Space Research Organisation (ISRO)?
   a) Homi J. Bhabha
   b) A.P.J. Abdul Kalam
   c) Vikram Sarabhai
   d) C.V. Raman
   
6. Which of the following is NOT a key function of the Reserve Bank of India (RBI)?
   a) Issuing currency notes
   b) Acting as the banker to the government
   c) Regulating insurance companies
   d) Controlling credit in the economy
   
7. The headquarters of the Defence Research and Development Organisation (DRDO) is situated in:
   a) Pune
   b) Kolkata
   c) New Delhi
   d) Hyderabad
   
8. SEBI was established by:
   a) An act of Parliament
   b) A resolution of the Cabinet
   c) An executive order of the President
   d) The Reserve Bank of India
   
9. ISRO functions under which department of the Government of India?
   a) Ministry of Science and Technology
   b) Department of Space
   c) Ministry of Earth Sciences
   d) Ministry of Defence
   
10. Which of the following is known as the ‘banker to banks’ in India?
    a) State Bank of India
    b) Punjab National Bank
    c) Reserve Bank of India
    d) ICICI Bank
    
11. DRDO is primarily involved in research and development for:
    a) Agricultural technologies
    b) Medical equipment
    c) Defence technologies
    d) Renewable energy sources
    
12. Protecting the interests of investors in the stock market is the main responsibility of:
    a) RBI
    b) SBI
    c) SEBI
    d) NABARD
    
13. The Reserve Bank of India was initially headquartered in which city before moving to Mumbai?
    a) Chennai
    b) Kolkata
    c) New Delhi
    d) Bengaluru
    
14. India’s national space agency is:
    a) BARC
    b) CSIR
    c) ISRO
    d) DRDO
    
15. Which organization’s motto is “बलस्य मूलं विज्ञानम्” (Strength’s origin is science)?
    a) RBI
    b) ISRO
    c) DRDO
    d) SEBI
    
16. Which of the following is responsible for regulating the commodity market in India?
    a) RBI
    b) SEBI
    c) FCI
    d) SIDBI
    
17. The primary objective of RBI’s monetary policy is to maintain:
    a) High economic growth
    b) Price stability
    c) Full employment
    d) A favorable balance of trade
    
18. Chandrayaan and Mangalyaan missions are flagship programs of which Indian organization?
    a) DRDO
    b) ISRO
    c) BARC
    d) HAL
    
19. ‘Tejas’ is a multirole light combat aircraft indigenously developed by:
    a) ISRO
    b) DRDO
    c) HAL
    d) BEL
    
20. Which of the following institutions is responsible for the issue of currency notes in India?
    a) Government of India
    b) State Bank of India
    c) Reserve Bank of India
    d) NABARD
    
21. The Vikram Sarabhai Space Centre (VSSC) is a major subsidiary of:
    a) DRDO
    b) ISRO
    c) BEL
    d) HAL
    
22. ‘Agni’ and ‘Prithvi’ series of missiles have been developed by:
    a) ISRO
    b) DRDO
    c) HAL
    d) BEL
    
23. Which of the following is responsible for regulating mutual funds in India?
    a) RBI
    b) IRDAI
    c) SEBI
    d) PFRDA
    
24. The term ‘repo rate’ is most closely associated with the functions of:
    a) SEBI
    b) RBI
    c) ISRO
    d) DRDO
    
25. Which Indian organization is responsible for the development of remote sensing satellites?
    a) DRDO
    b) ISRO
    c) BEL
    d) HAL
    
26. ‘INSAS rifle’ is a product of which Indian organization?
    a) ISRO
    b) DRDO
    c) BEL
    d) HAL
    
27. Insider trading in the stock market is prohibited and regulated by:
    a) RBI
    b) SEBI
    c) CCI
    d) Finance Ministry
    
28. The current Governor of the Reserve Bank of India (as of early 2025) is:
    (Note: Please check the current Governor for the most accurate information)
    a) Shaktikanta Das
    b) Urjit Patel
    c) Raghuram Rajan
    d) C. Rangarajan
    
29. Which of the following launch vehicles is used by ISRO for placing satellites into orbit?
    a) BrahMos
    b) Agni
    c) Polar Satellite Launch Vehicle (PSLV)
    d) Trishul
    
30. The Defence Research and Development Organisation (DRDO) works under the administrative control of the:
    a) Ministry of Home Affairs
    b) Ministry of Finance
    c) Ministry of Defence
    d) Ministry of External Affairs

Answer

1. b) 1935
2. d) Bengaluru
3. b) 1958
4. c) Protect investors in the securities market
5. c) Vikram Sarabhai
6. c) Regulating insurance companies
7. c) New Delhi
8. a) An act of Parliament
9. b) Department of Space
10. c) Reserve Bank of India
11. c) Defence technologies
12. c) SEBI
13. b) Kolkata
14. c) ISRO
15. c) DRDO
16. b) SEBI
17. b) Price stability
18. b) ISRO
19. b) DRDO
20. c) Reserve Bank of India
21. b) ISRO
22. b) DRDO
23. c) SEBI
24. b) RBI
25. b) ISRO
26. b) DRDO
27. b) SEBI
28. a) Shaktikanta Das (Please verify the current Governor as it might change over time)
29. c) Polar Satellite Launch Vehicle (PSLV)
30. c) Ministry of Defence