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Question : Reserve Bank of India (RBI) was established in the year: 

 

Option 1: 1947

Option 2: 1950

Option 3: 1935

Option 4: 1921


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Answer (1)
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Correct Answer: 1935


Solution : The correct answer is (c). 1935

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 serves as the central banking institution and monetary authority of India.

 

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