Match the following :(a) The R.B.I. was nationalised 1. 1973 (b) Foreign Exchange Management Act (FEMA) 2. 1935 (c) Foreign Exchange Regulation Act (FERA) 3. 1949 (d) The R.B.I was established in the year 4. 1999
(a) (b) (c) (d)
3 4 1 2
The Reserve Bank of India was established on 1 April 1935 under the RBI Act, 1934, originally as a shareholders' bank.
It was nationalised on 1 January 1949 under the Reserve Bank (Transfer to Public Ownership) Act, 1948.
The Foreign Exchange Regulation Act (FERA) was enacted in 1973, and it was replaced by the Foreign Exchange Management Act (FEMA) in 1999.
Matching: a-3 (1949), b-4 (1999), c-1 (1973), d-2 (1935).
Hence, (a) (b) (c) (d)
3 4 1 2.
Similar Questions
Arrange the following events in chronological order
(1) Foreign Exchange Management Act
(2) Bank Regulation Act
(3) Factoring Regulation Act
(4) Payment and settlement systems Act
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