Question

In which year, RBI was nationalized?
A) 1939 B) 1949 C) 1959 D) 1969

Answer 1

Answer:

1949

Explanation:

The Reserve Bank of India was nationalised with effect from 1st January, 1949 on the basis of the Reserve Bank of India (Transfer to Public Ownership) Act, 1948. All shares in the capital of the Bank were deemed transferred to the Central Government on payment of a suitable compensation. The image is a newspaper clipping giving the views of Governor CD Deshmukh, prior to nationalisation.

Hope this will help you

Mark as Brainliest answer

Plz plz

Answer 2

QUESTION:

In which year, RBI was nationalized?

A) 1939 B) 1949 C) 1959 D) 1969

ANSWER:

In which year, RBI was nationalized?

A) 1939 ❌

B) 1949 ✔

C) 1959❌

D) 1969❌

☆ RBI was nationalized on 1st January, 1949.

☆ The full form of RBI is Reserve Bank of India.

☆ Before RBI, all the functions of the central bank were being done by the Imperial bank of India.

☆ Imperial bank of India was established in 1921 via the the imperial bank of India Act.

plz Mark as brainliest