Multiple choice general knowledge

The Reserve Bank of India was set up on the recommendations of

  1. Finance Commission of India

  2. Hilton Young Commission

  3. High Commission of India

  4. Development Commission of India

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

The Reserve Bank of India was established in 1935 based on the recommendations of the Hilton Young Commission (also known as the Royal Commission on Indian Currency and Finance). The Finance Commission deals with center-state financial relations, not RBI's creation.