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RBI was set up on the basis of the recommendation of

  1. A
    Indian Central Bank Enquiry Committee
  2. B
    Royal Commission
  3. C
    Simon Commission
  4. D
    Nehru Report

Solution & Step-by-step Explanation

The Reserve Bank of India was set up based on the recommendations of the Royal Commission on Indian Currency and Finance, also popularly known as the Hilton Young Commission, in 1926. This led to the enactment of the RBI Act of 1934.

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RBI was set up on the basis of the recommendation of
A
Indian Central Bank Enquiry Committee
B
Royal Commission
C
Simon Commission
D
Nehru Report

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EconomyBanking HistoryReserve Bank of India

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