A commemorative stamp marking the Platinum Jubilee of the Reserve Bank of India was released in 2010. Which of the following statements about the RBI is/are correct? I. The Reserve Bank of India was established on April 1, 1935 in Kolkata in accordance with the provisions of the Reserve Bank of India Act, 1934. II. The RBI was shifted from Kolkata to Mumbai before independence. III. The RBI was nationalised on 1 January 1949.

The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934. The Central Office of the Reserve Bank was initially established in Calcutta but was permanently moved to Mumbai in 1937. Reserve Bank of India was nationalised on 1 Jan 1949. President of India, Pratibha Devisingh Patil released a commemorative postage stamp to mark the Platinum Jubilee of the Reserve Bank of India on January 16, 2010. The five-rupee stamp depicts the iconic New Delhi offices of the apex bank, which has the statues of the mythological Yaksha and Yakshini, designed by famous sculptor Ramkinkar Baij.