Multiple choice

Majority of share capital in RBI is held by which of the following?

  1. Public

  2. Central Government

  3. RBI

  4. Financial institutions
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

RBI's original share capital was divided into shares of 100 each fully paid, which were initially owned entirely by private shareholders. Following India's independence on 15 August, 1947, the RBI was nationalised on 1 January, 1949. Afterwards, majority of share capital in RBI was held by Central Government.

Keep practicing — related questions