The Reserve Bank of India is Indias central banking institution, which controls the monetary policy of the Indian rupee. Where is the Headoffice of RBI

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

The Reserve Bank of India is India’s central banking institution, which controls the monetary policy of the Indian rupee. Where is the Headoffice of RBI

A	Pune
B	Mumbai
C	Chennai
D	New Delhi

Explanation:

Detailed explanation-1: -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 Kolkata but was permanently moved to Mumbai in 1937.

Detailed explanation-2: -Reserve Bank of India, Main Building, P.O.Box 901, Shahid Bhagat Singh Road, Mumbai-400 001.

Detailed explanation-3: -1 April 1935. Ownership. Ministry of Finance, Government of India. Governor. Shaktikanta Das, IAS (Retd.)

Detailed explanation-4: -In India, the central monetary authority is the Reserve Bank of India (RBI). It is designed to maintain the price stability in the economy.

Detailed explanation-5: -The Government of India controls the Reserve Bank of India (RBI). RBI comes under the Ministry of Finance. RBI was nationalised on 1st January, 1949. It was established on 1st April 1935 through the Reserve Bank of India Act, 1934.

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