Question

The Imperial Bank Act was passed in the year

• A. 1921
• B. 1947
• C. 1930
• D. 1950

Answer 1

Answer:

C. 1930

Imperial Bank:

• Imperial Bank Act passed in 1930 

• These three banks were amalgamated form imperial bank of India. 

• On 27-1-1921 by passing Imperial Bank Act in 1920 

• The Imperial Bank of India also functioned as Central Bank prior to the establishment of the Reserve Bank in 1935