Question

When was the Reserve Bank of India established?

• A. 1947
• B. 1934
• C. 1935
• D. 1949

Answer 1

Answer:

C. 1935

Reserve Bank of India

• Central Bank of India.

• Known as the Bank of Banks.

• Controller of Loans.

• In charge of monetary policy in India.

• India is represented in the International Monetary Fund.

• Reserve Bank of India Act was passed in 1934

• Year Reserve Bank of India was established -1935 April 1st