Question : Reserve Bank of India was nationalised in:
Option 1: 1947
Option 2: 1948
Option 3: 1949
Option 4: 1951
Correct Answer: 1949
Solution : The correct answer is 1949.
RBI was established under the Reserve Bank of India Act 1934. It was established on the recommendation of Hilton Young Commission also known as Royal Commission on Indian Currency and Finance. It was nationalised on 1st January 1949 on the basis of Reserve Bank of India (Transfer of Public Ownership) Act, 1948. Sir C D Deshmukh became the first governor of RBI after nationalisation. Presently Mr. Shashikanta Das is serving as the Governor of RBI.
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Question : In which year was the Estimates Committee constituted for the first time in India?
Option 1: 1948
Option 2: 1950
Option 3: 1947
Option 4: 1949
Question : The constitution of India was adopted on
Option 1: 26 January,1950
Option 2: 26 January,1949
Option 3: 26 November,1949
Option 4: 31 December,1949
Question : State Bank of India was previously known as:
Option 1: Imperial Bank of India
Option 2: Canara Bank
Option 3: Syndicate Bank
Option 4: Co- operative
Question : The monetary policy is India is formulated by:
Option 1: central government
Option 2: industrial financial corporation of India
Option 3: Reserve Bank of India
Option 4: Industrial Development Bank of India
Question : Which of the following was established on the recommendation of the Hilton Young Commission?
Option 1: The Securities and Exchange Board of India (SEBI)
Option 2: The Reserve Bank of India
Option 3: State Bank of India
Option 4: National Bank for Agriculture and Rural Development
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