Question

Initially, the RBI was established as a

• A. Government Bank
• B. Cooperative Bank
• C. Nationalized Bank
• D. Shareholders’ Bank

Answer 1

Answer:

D. Shareholders’ Bank

The Reserve Bank of India (RBI) was initially established as a shareholders’ bank in 1935, with a paid-up capital contributed by private shareholders. It was not nationalized at the beginning; nationalization happened later in 1949.