Question

In which year the Reserve Bank of India (RBI) was set up ?
(A) 1935 (B) 1835 (C) 1949 (D) 1849

Answer 1

Answer:

1935

Explanation:

The Reserve Bank of India was set up on the basis of the recommendations of the Hilton Young Commission. The Reserve Bank of India Act, 1934 (II of 1934) provides the statutory basis of the functioning of the Bank, which commenced operations on April 1, 1935.

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Answer 2

The Reserve Bank of India was set up on the basis of the recommendations of the Hilton Young Commission. The Reserve Bank of India Act, 1934 (II of 1934) provides the statutory basis of the functioning of the Bank, which commenced operations on April 1, 1935.

Explanation:

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