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In which year was the Reserve Bank of India (RBI) nationalised?

  1. A
    1947
  2. B
    1949
  3. C
    1969
  4. D
    1955

Solution & Step-by-step Explanation

Although established as a private shareholder's bank via the RBI Act of 1934, the Reserve Bank of India was formally nationalised under the Transfer of Public Ownership Act on 1st January, 1949.

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In which year was the Reserve Bank of India (RBI) nationalised?
A
1947
B
1949
C
1969
D
1955

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EconomicsReserve Bank of IndiaBanking History

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