Reserve Bank of India Establishment Year
The Reserve Bank of India (RBI) was established on April 1, 1935.
Its establishment was based on the recommendations of the Royal Commission on Indian Currency and Finance and was enacted through the Reserve Bank of India Act, 1934.
Therefore, the correct year is 1935.
Important Questions from Reserve Bank of India
Which of the following is not the function of Reserve Bank of India?
Which of the following banks issues currency notes in India?
Who is the Governor of the Reserve Bank of India? (As of 2017)
Which of the following isnota function of Reserve Bank of India?
Which of the following statements related to the Reserve Bank of India (RBI) is/are true?
Statements:
I. RBI was established under the Reserve Bank of India Act, 1935.
II. RBI maintains a current account of State Governments for keeping their cash balances.
III. Sir Benegal Rama Rau was the longest serving governor of RBI.
