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The Reserve Bank of India (RBI) was established based on the recommendations of the:

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

Solution & Step-by-step Explanation

The Reserve Bank of India (RBI) was set up following the clear recommendations made by the Royal Commission on Indian Currency and Finance, widely known as the Hilton Young Commission, in 1926. This ultimately culminated in the passage of the RBI Act of 1934 and its operations starting in 1935.

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The Reserve Bank of India (RBI) was established based on the recommendations of the:
A
Indian Central Banking Enquiry Committee
B
Royal Commission
C
Simon Commission
D
Nehru Report

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