Multiple choice

In which year was RBI established?

  1. 1951

  2. 1950

  3. 1935

  4. 1947

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

The Reserve Bank of India (RBI) was established on April 1, 1935, in accordance with the provisions of the Reserve Bank of India Act, 1934. It was initially privately owned before being nationalized in 1949, after India's independence.