Multiple choice general knowledge

In which year was the Reserve Bank of India (RBI) nationalized?

  1. 1948

  2. 1950

  3. 1949

  4. 1947
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The Reserve Bank of India was nationalized on January 1, 1949. Originally established in 1935 as a private entity, it became fully owned by the Government of India after nationalization. This gave the government greater control over monetary policy.

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