In which year was the Reserve Bank of India established?

Answer and explanation

Correct answer: B. 1935

  1. Step 1: The Reserve Bank of India (RBI) was constituted on the recommendations of the Hilton Young Commission (Royal Commission on Indian Currency and Finance) under the Reserve Bank of India Act, 1934.
  2. Step 2: The central bank commenced its official regulatory and currency operations on 1 April 1935 as a shareholder-owned bank, before being nationalized by the government in 1949.
Answer
1935.

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