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NDA 2019 GAT · General Knowledge · Indian Economy · medium

The Reserve Bank of India was established in the year:

Single correct option

The Reserve Bank of India was established in the year:
  1. A. 1935
  2. B. 1921
  3. C. 1947
  4. D. 1949
Show answer and solution

Answer: (A) 1935

The RBI was set up under the Reserve Bank of India Act, 1934, and began functioning on 1 April 1935. It was nationalised on 1 January 1949, soon after independence, so 1949 is the commonest trap, while 1921 is the year of the Imperial Bank of India.
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Original question written in the NDA 2019 GAT pattern and checked twice for the correct answer. Not an official question paper. How we write and check questions · Corrections policy · Report a mistake