Question
Which financial institution was founded in 1935 following
recommendations from the Hilton-Young Commission?Solution
The Reserve Bank of India (RBI) was established in 1935 based on the recommendations provided by the Hilton-Young Commission of 1926. The RBI Act of 1934 created the framework for its formation. Initially established as a privately owned institution, it was nationalized in 1949 following India's independence. As India's central bank, the RBI plays a crucial role in monetary policy development, currency issuance, and financial regulation.
Which Indian institution did the Asian Development Bank (ADB) project to have GDP growth of 7% in the current year?
Consider the following statements about Central Industrial Security Force (CISF):Â
1.     It works under the Ministry of Defence.
2...
What is the name of India’s planned space station, which is expected to be operational by 2035?
_____ state has launched the scheme ‘Him Prahari’ for ex servicemen and the youth of the country?
Which South American country adopted India's UPI system for instant digital payments?
Who was appointed as the CMD of New India Assurance Company?
Which of the following is NOT a feature of a Jan Dhan account under PMJDY?
India's first commercial semiconductor chip fabrication unit in Gujarat is set to be managed by which group of companies?
Recently RBI has imposed a monetary penalty on which financial institution for not complying with directions issued on ATM deployment targets?
Which State has become first in India to have its own Internet Service K- Fon ?
Relevant for Exams:
