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Question

The Reserve Bank of India was taken over by the Government in

A 1938 Correct Answer Incorrect Answer
B 1949 Correct Answer Incorrect Answer
C 1955 Correct Answer Incorrect Answer
D 1956 Correct Answer Incorrect Answer
E 1975 Correct Answer Incorrect Answer

Solution

In 1949, the Government of India nationalized the Reserve Bank under the Reserve Bank (Transfer of Public Ownership) Act, 1948.

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