Question

1. The Hilton Young Commission was appointed for the establishment of a central bank in which year?

• A. 1925
• B. 1926
• C. 1927
• D. 1931

Answer 1

Answer:

B. 1926

The British government appointed the Hilton Young Commission in 1926 to examine India’s financial system and address the need for a central banking authority. Prior to this, India lacked a proper central bank to regulate currency and credit.