2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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29th March
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30th March
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31st March
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1st April
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Detailed explanation-1: -The Central Bank of India is celebrating its 84th establishment day today. 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 bank was established on the recommendation of the Hilton Young Commission.
Detailed explanation-2: -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-3: -The name has always been Reserve Bank of India. It was established through the Reserve Bank of India (RBI) Act, 1934. It took over functions which were performed by Imperial Bank of India.
Detailed explanation-4: -The Reserve Bank of India was nationalised with effect from 1st January, 1949 on the basis of the Reserve Bank of India (Transfer to Public Ownership) Act, 1948.