Which among the following is not a subsidiary of RBI? 1. Deposit Insurance and Credit Guarantee Corporation of India. 2. Bharatiya Reserve Bank Note Mudran Private Limited.

Only 1
Only 2
Both 1 and 2
Neither 1 nor 2

The correct answer is: Only 1.

Deposit Insurance and Credit Guarantee Corporation of India (DICGC) is not a subsidiary of RBI. It is

a wholly owned subsidiary of the Government of India. It was established in 1961 to provide deposit insurance and credit guarantee to the depositors of commercial banks and financial institutions in India.

Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) is a wholly owned subsidiary of RBI. It was established in 2009 to take over the note printing operations of RBI. It is the only authorized printer of currency notes in India.

The other two options are not subsidiaries of RBI.

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