Multiple choice

RBI was established on the first independence day of our country.

  1. True

  2. False

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The Reserve Bank of India was established on April 1, 1935, which is nearly 12 years before India's first independence day on August 15, 1947. Therefore, the statement that RBI was established on the first independence day is factually incorrect. RBI was established during British colonial rule as India's central bank.