GENERAL KNOWLEDGE

GK

INDIAN ECONOMY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
When was tha Reserve Bank of India taken over by the Government?
A
1942
B
1949
C
1952
D
1959
Explanation: 

Detailed explanation-1: -Sir Osborne Smith was the first Governor of the Reserve Bank of India. He served on this post from 1 April 1935 to 30 June 1937.

Detailed explanation-2: -The Government of India established the Reserve Bank of India (RBI) in 1935. The RBI came into existence through the enactment of the Reserve Bank of India Act of 1934.

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