In which year was the Reserve Bank of India established?
- A1930
- B1935
- C1940
- D1945
Solution & Step-by-step Explanation
The Reserve Bank of India (RBI) was established on April 1, 1935, in accordance with the provisions of the Reserve Bank of India Act, 1934. It initially started its operations in Kolkata but was permanently moved to Mumbai in 1937.