BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Calcutta
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Bombay
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Madras
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New Delhi
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Detailed explanation-1: -The Central Office of the Reserve Bank was initially established in Kolkata but was permanently moved to Mumbai in 1937.
Detailed explanation-2: -Detailed Solution. The correct answer is Kolkata. The headquarters of RBI was located in Kolkata before shifting to Mumbai, Maharashtra. The original headquarters of RBI was in Kolkata, but in 1937, it was shifted to Shahid Bhagat Singh Marg, Mumbai.
Detailed explanation-3: -The Mumbai Regional Office (MRO) of the Reserve Bank of India was established in 1935.
Detailed explanation-4: -The Reserve Bank of India has offices at 31 locations.
Detailed explanation-5: -The Reserve Bank of India was set up on the basis of the recommendations of the Hilton Young Commission. The Reserve Bank of India Act, 1934 (II of 1934) provides the statutory basis of the functioning of the Bank, which commenced operations on April 1, 1935.