The Reserve Bank of India was established in which of the following years ?
The Reserve Bank of India began operations on 1 April 1935 under the Reserve Bank of India Act, 1934, on the recommendation of the Hilton Young Commission. The year 1934 is…
Choose your answer
The Reserve Bank of India was established in which of the following years ?
Answer and explanation
Correct answer C
The Reserve Bank of India began operations on 1 April 1935 under the Reserve Bank of India Act, 1934, on the recommendation of the Hilton Young Commission.
The year 1934 is when the Act was passed, not when the Bank was established.
Practice for these exams
-
Uttarakhand Judicial Services
-
Bihar Judicial Services
Subject revision