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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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