Question

In which year the Reserve Bank of India was established?

• A. 1932
• B. 1930
• C. 1935
• D. 1937

Hint:

RBI established in 1935 at Kolkata, shifted to Mumbai in 1937.

Answer 1

The Correct Option is C

Step 1: Background of RBI.
The Reserve Bank of India (RBI) is the central bank of India which regulates the issue of currency, credit control, and monetary stability.
Step 2: Year of establishment.
RBI was established on 1st April 1935 in Kolkata under the provisions of the Reserve Bank of India Act, 1934.
It was later shifted to Mumbai in 1937.
Step 3: Analysis of options.
- (1) 1932: Wrong, RBI Act not yet passed.
- (2) 1930: Wrong, before legal foundation.
- (3) 1935: Correct, official establishment year.
- (4) 1937: Wrong, this was the year RBI moved to Mumbai.
Step 4: Conclusion.
Hence, RBI was established in the year 1935.