Multiple choice

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

  1. 1952

  2. 1950

  3. 1948

  4. None of these

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

The Reserve Bank of India was nationalized and taken over by the Government of India on January 1, 1948. Following India's independence in 1947, the RBI transferred from being a shareholder-owned bank to fully state ownership, making it India's central bank under government control.