Question
In which year was the Reserve Bank of India (RBI) established?
The correct answer is
1935
The Reserve Bank of India (RBI) was established on 1st April 1935, under the Reserve Bank of India Act, 1934. Initially, it was privately owned and was nationalized later in 1949. Thus, the correct answer is 1935.
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Important Questions from Banking History or Facts
Which of the following is INCORRECT with respect to the repo rate?
Which bank was NOT nationalized during the bank nationalization process of 1969?
Which of the following is NOT an amphibian animal?
The name of the first bank established in India was
A. Bank of Hindustan
B. Reserve Bank of India
C. Imperial Bank
D. State Bank of India
Nationalisation of 14 Commercial Banks took place in
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