Question

The Reserve Bank of India Bill was passed by the Legislative Assembly in:

• A. September 1933
• B. December 1933
• C. October 1933
• D. November 1933

Answer 1

Answer:

B. December 1933

The Reserve Bank of India Bill was introduced and passed by the Central Legislative Assembly in December 1933. Assent & Becoming an Act: After passage, the Governor-General gave formal assent, and it became the Reserve Bank of India Act, 1934 on 1st April 1934. Establishment of RBI: Following the Act, the RBI was officially established on 1st April 1935. So: Bill passed by Assembly → December 1933 Act formally enacted → 1st April 1934 RBI established → 1st April 1935