Multiple choice

Reserve Bank of India was established on

  1. 1st January 1949

  2. 25th July 1950

  3. 1st April 1935

  4. July 1955
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The Reserve Bank of India was established on April 1, 1935, in accordance with the provisions of the Reserve Bank of India Act, 1934. It was originally established as a private shareholders' bank and was later nationalized on January 1, 1949.

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