Multiple choice

Reserve Bank of India was nationalized in the year

  1. 1948

  2. 1949

  3. 1951

  4. 1953

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

The Reserve Bank of India was nationalized on January 1, 1949, through the RBI Act. Before nationalization, it was a shareholder-owned bank. After 1949, it became fully owned by the Government of India.