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Question
Reserve Bank of India (RBI) was established in the year ______.
Options
1934
1935
1936
1937
MCQ
Fill in the Blanks
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Solution
Reserve Bank of India (RBI) was established in the year 1935.
Explanation:
Under the provisions of the Reserve Bank of India Act, 1934. It was set up as the country’s central bank to regulate currency, restrict credit, and oversee India’s monetary and financial systems.
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