Question
In which year was the 'Reserve Bank of India' established?
The correct answer is
1935
Reserve Bank of India Establishment Year
The Reserve Bank of India (RBI) was established on April 1, 1935.
This was established based on the recommendations of the Royal Commission on Indian Currency and Finance in 1926.
The RBI's establishment aimed to:
- Regulate the issue of banknotes.
- Maintain monetary stability in India.
- Operate the currency and credit system.
Therefore, the correct year is 1935.
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Important Questions from Money and Banking
Match List I with List II :
List I
Indian Notes (New Currency)
List II
Pictures
(A) ₹10 (I) Ellora Caves (B) ₹100 (II) Konark, Sun Temple (C) ₹500 (III) Rani Ki Vav (D) ₹20 (IV) Red Fort Choose the correct answer from the options given below :
In which year was the Reserve Bank of India established?
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