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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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