SSC
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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When was tha Reserve Bank of India taken over by the Government?
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1942
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1949
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1952
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1959
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Explanation:
Detailed explanation-1: -Following India’s independence on 15 August 1947, the RBI was nationalised on 1 January 1949.
Detailed explanation-2: -The first bank in India to be nationalized was the Reserve Bank of India which happened in January 1949. Further, 14 other banks were nationalized in July 1969.
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