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    Question

    On which date was the Reserve Bank of India

    established?
    A 01-April-1935 Correct Answer Incorrect Answer
    B 15-August-1947 Correct Answer Incorrect Answer
    C 01-January-1950 Correct Answer Incorrect Answer
    D 01-July-1955 Correct Answer Incorrect Answer
    E 31-December-1934 Correct Answer Incorrect Answer

    Solution

    The RBI was established on 1 April 1935 under the RBI Act, 1934. Headquartered in Mumbai, it is India’s central bank and regulator of the banking and monetary system. This fact is frequently tested in competitive exams.

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