Question

When was Reserve Bank of India established?

• A. 1955
• B. 1949
• C. 1935
• D. 1964

Hint:

Memorize key establishment dates of major institutions for quick recall.

Answer 1

The Correct Option is C

The question is about the establishment date of the Reserve Bank of India (RBI). This is a factual question related to the history of the Indian banking system.

The Reserve Bank of India was established on April 1, 1935. The RBI is India's central banking institution, which controls the issuance and supply of the Indian rupee. It is a key financial institution in India that plays a critical role in the financial sector.

Let's examine each of the given options:

• 1955: This is incorrect. In 1955, the Imperial Bank of India was nationalized and became the State Bank of India, but it does not relate to the establishment of the RBI.
• 1949: This is incorrect. Although an important change happened in 1949 with the nationalization of RBI, it was not the year of its establishment.
• 1935: This is the correct option. As mentioned, RBI was established in this year.
• 1964: This is incorrect. No notable event related to RBI’s establishment occurred in this year.

Therefore, the correct answer is 1935.