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Question : In which year was the Reserve Bank of India established?

Option 1: 1939

Option 2: 1945

Option 3: 1935

Option 4: 1925


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Team Careers360 2nd Jan, 2024
Answer (1)
Team Careers360 12th Jan, 2024

Correct Answer: 1935


Solution : The correct option is 1935 .

On April 1, 1935, the Reserve Bank of India (RBI) was founded. The Hilton Young Commission, formerly known as the Royal Commission on Indian Currency and Finance, made recommendations that served as the foundation for the RBI's formation. As India's central banking organisation, the RBI is in charge of overseeing the monetary policy and currency issuance of the nation.

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