Question : Which of the following was established on the recommendation of the Hilton Young Commission?
Option 1: The Securities and Exchange Board of India (SEBI)
Option 2: The Reserve Bank of India
Option 3: State Bank of India
Option 4: National Bank for Agriculture and Rural Development
Correct Answer: The Reserve Bank of India
Solution : The correct option is The Reserve Bank of India .
The Hilton Young Commission, also known as the Royal Commission on Indian Currency and Finance, was established in 1925 to review the Indian monetary and financial system. The commission's recommendations led to the establishment of the Reserve Bank of India (RBI). The RBI was established in 1935 based on the Hilton Young Commission's suggestions, and it became the central banking institution in India, responsible for issuing and managing the Indian rupee, regulating the financial system, and implementing monetary policies.
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