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    Question

    From the following which is correct about RBI:

    i. RBI was formed on April 1, 1935 as a private entity and nationalised in 1949 ii. RBI started operations by taking over the functions of: the Controller of Currency and from the Imperial Bank of India iii. RBI is a member bank of the Asian Clearing Union.
    A Only i Correct Answer Incorrect Answer
    B Only i & ii Correct Answer Incorrect Answer
    C Only i & iii Correct Answer Incorrect Answer
    D Only ii & iii Correct Answer Incorrect Answer
    E All of the above are correct Correct Answer Incorrect Answer

    Solution

    The correct answer is E

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