Question : The establishment of the Reserve Bank of India (RBI) took place in the year:
Option 1: 1947
Option 2: 1951
Option 3: 1935
Option 4: 1969
Correct Answer: 1935
Solution : The correct answer is (c) 1935.
The Reserve Bank of India was established on April 1, 1935, based on the recommendations of the Hilton Young Commission. It was originally established as a private shareholders' bank but was nationalized in 1949, becoming fully owned by the Government of India. The RBI serves as the central banking institution of India and is responsible for the regulation and supervision of the country's banking system, monetary policy formulation, currency issuance, and management of foreign exchange reserves.
College Comparison based on Courses, Placement, Rank, Fee
Question : In which year was the RBI of India established under the Reserve Bank Act?
Option 1: 1960
Option 2: 1947
Option 4: 1957
Question : Reserve Bank of India (RBI) was established in the year:
Option 2: 1950
Option 4: 1921
Question : Reserve Bank of India was nationalised in:
Option 2: 1948
Option 3: 1949
Option 4: 1951
Question : In which year was the Reserve Bank of India established?
Option 1: 1939
Option 2: 1945
Option 4: 1925
Question : The central bank of India is ___________.
Option 1: Reserve Bank of India (RBI)
Option 2: State Bank of India (SBI)
Option 3: Punjab National Bank (PNB)
Option 4: ICICI Bank
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile