RBI was established on April 1, 1935

Q.  The Reserve Bank of India was established on _______.
- Published on 19 Oct 15

a. April 1, 1935
b. July 12, 1982
c. May 26, 2006
d. September 30, 2005

ANSWER: April 1, 1935
 
RBI was established on April 1, 1935On April 1, 1935 the Reserve Bank of India, which is the central bank of this country, was established. It was originally started as a shareholders' bank with a share capital of Rs. 5 crore divided into shares of Rs. 100 each, fully paid-up. But since January, 1949 the Reserve Bank has been nationalised and it is now purely a concern of the State. The Government of India holds the entire share capital of the bank which has been acquired by payment of compensation to the shareholders.
 

    Discussion

  • ravi   -Posted on 19 Oct 16
    nice

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