2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Canara Bank
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State Bank of India
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Bank of Baroda
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Allahabad Bank
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Detailed explanation-1: -At the time of establishment, the authorized capital of the Reserve Bank of India was ₹50 million. The government’s share in this was only ₹2-2.2 million.
Detailed explanation-2: -The Reserve Bank of India (RBI) has launched Utkarsh 2.0, the second phase of its medium-term strategy for strengthening regulatory and supervisory mechanisms. Utkarsh 2.0 builds upon the foundation laid by Utkarsh 2022, which was launched in July 2019 and covered the period from 2019 to 2022.
Detailed explanation-3: -A technical Committee of the RBI Board headed by Y H Malegam (2013), which reviewed the adequacy of reserves and surplus distribution policy, recommended a higher transfer to the government.
Detailed explanation-4: -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.