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      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.

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