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1 mark

The Reserve Bank of India was established in the year:

  1. A
    1930
  2. B
    1935
  3. C
    1947
  4. D
    1951

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, following structural recommendations made by the Royal Commission on Indian Currency and Finance (Hilton Young Commission).

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The Reserve Bank of India was established in the year:
A
1930
B
1935
C
1947
D
1951

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Central BankingFinancial InstitutionsHistory of Banking

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