Question

The Reserve Bank of India (RBI) was established under a special Act of the

Parliament, that down the objects, powers and functions of the Corporation. It was

established on 1st April, 1935 in accordance with the provisions of the Reserve Bank

of India Act, 1934. Identify the form of public sector enterprise.

(a) Departmental undertaking (b) Government Company

(c) Statutory Corporation (d) Private Company​

Answer 1

Answer:

The reserve Bank of India (RBI) was established under a special act of the parliament, the lays down the objects, power and functions of the corporation. It was established on 1st April 1935 in accordance with the provisions of RBI act 1934.

Explanation:

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