Question : In which year was the RBI of India established under the Reserve Bank Act?
Option 1: 1960
Option 2: 1947
Option 3: 1935
Option 4: 1957
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Answer (1)
19th Jan, 2024
Correct Answer: 1935
Solution : The correct option is 1935.
The Reserve Bank of India (RBI) is the central bank of India. It was founded on April 1, 1935, through the Reserve Bank of India Act. The RBI oversees the country's money and financial system. Its key goals are to keep the Indian rupee stable and promote economic growth.
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