Multiple choice

In which year was the Reserve Bank of India established?

  1. 1935

  2. 1947

  3. 1949

  4. 1952
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A Correct answer
Explanation

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 was initially privately owned before nationalization in 1949. 1947 is Indian independence, 1949 is when India became a Republic, and 1952 is irrelevant to RBI's founding.

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