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