Question : Reserve Bank of India (RBI) was established in the year: Option 1: 1947Option 2: 1950Option 3: 1935Option 4: 1921

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Question : Reserve Bank of India (RBI) was established in the year:

Option 1: 1947
Option 2: 1950
Option 3: 1935
Option 4: 1921

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Correct Answer: 1935

Solution : The correct answer is (c). 1935

The Reserve Bank of India (RBI) was established on April 1, 1935, in accordance with the provisions of the Reserve Bank of India Act, 1934. It serves as the central banking institution and monetary authority of India.

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