Multiple choice

When was the Reserve Bank of India taken over by the Government?

  1. 1952

  2. 1950

  3. 1949

  4. 1945

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

The Reserve Bank of India was nationalized in 1949 when the Government of India took over ownership from private shareholders. This transferred full control of the central banking system to the government.