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    5. Under the Banking Regulation Act, 1934, The Reserve Bank was established in 1935 with the capital of

    Question

    Under the Banking Regulation Act, 1934, The Reserve Bank

    was established in 1935 with the capital of Rs. ____?
    A Rs. 5 crore Correct Answer Incorrect Answer
    B Rs. 4 crore Correct Answer Incorrect Answer
    C Rs. 3 crore Correct Answer Incorrect Answer
    D Rs. 2 crore Correct Answer Incorrect Answer

    Solution

    o RBI was established on 1 April 1935 under the Reserve Bank of India Act, 1934, with an initial capital of Rs. 5 crore, contributed by private shareholders.

    Practice Next
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    • Management Aptitude Test (MAT)

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