GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Reserve bank of India was established on
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1st April, 1935
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1st April, 1936
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1st April, 1937
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1st April, 1938
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Explanation:
Detailed explanation-1: -It commenced its operations on 1 April 1935 in accordance with the Reserve Bank of India Act, 1934. The original share capital was divided into shares of 100 each fully paid. Following India’s independence on 15 August 1947, the RBI was nationalised on 1 January 1949.
Detailed explanation-2: -The Reserve Bank of India (RBI) was established in 1935 as the Central Bank of the Country. Chandra Kala and 1, 197 others like this.
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