Question

The Reserve Bank of India Act was passed in which year?

• A. 1934
• B. 1949
• C. 1926
• D. 1955

Answer 1

Answer:

A. 1934

• 1st January in the year of Nationalization of Reserve Bank of India - 1949

• Year of Passing of Banking Regulation Act- 1949

• Reserve Bank of India headquarters in Kerala is located in Thiruvananthapuram

• Reserve Bank has the right to print and issue currency notes in India.

• Signing of currency notes other than one rupee note – RBI Governor

• One rupee note is signed by- Finance Secretary