Multiple choice

The Reserve Bank of India was nationalised in the year

  1. 1935

  2. 1955

  3. 1949

  4. 1969
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

RBI, which is the Central Bank of India, was nationalised in the year 1949. It was formed on the basis of recommendations of Young Hilton commission in 1935. Imperial Bank was nationalised and named as State Bank of India in 1955. Fourteen Banks were nationalised in 1969.

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