Question

The Reserve Bank of India was established in which year?

• A. 1935
• B. 1947
• C. 1950
• D. 1965

Hint:

Remember that the Reserve Bank of India was established in 1935, and its role in managing monetary policy and ensuring financial stability is crucial for India's economy.

Answer 1

The Correct Option is A

The Reserve Bank of India (RBI) was established in 1935. It was set up to regulate the monetary and financial system of the country and to issue currency notes. The RBI plays a key role in managing India's economy.