Prostuti360°Prostuti360°
Log in

WBCS Preliminary Examination 2022 — General Studies · Question 103 of 200

Q103
Indian EconomyMoney, Banking & Financial Institutions
Reserve Bank of India was established in the year
  1. a.1930
  2. b.1935
  3. c.1947
  4. d.1951

Answer: (B) 1935

The Reserve Bank of India (RBI) was established on 1 April 1935 under the Reserve Bank of India Act, 1934, based on the recommendations of the Hilton Young Commission. It was nationalised on 1 January 1949 and is the apex monetary authority of India.

Q102 Whole paperQ104