Question : In which year was the Reserve Bank of India established?
Option 1: 1939
Option 2: 1945
Option 3: 1935
Option 4: 1925
Correct Answer: 1935
Solution : The correct option is 1935 .
On April 1, 1935, the Reserve Bank of India (RBI) was founded. The Hilton Young Commission, formerly known as the Royal Commission on Indian Currency and Finance, made recommendations that served as the foundation for the RBI's formation. As India's central banking organisation, the RBI is in charge of overseeing the monetary policy and currency issuance of the nation.
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