Question

Consider the following statements and choose the correct option regarding the Reserve Bank of India (RBI).

A: The RBI prints all coins and currency notes in India.

B: The RBI is headquartered in New Delhi.

C: The RBI was established through the Reserve Bank of India Act, 1934.

• A. Only A
• B. Only A and B
• C. Only B and C
• D. Only C

Answer 1

The correct option is D Only C

The Reserve Bank of India (RBI) was established through the Reserve Bank of India Act, 1934. The Central Office of the RBI was initially located in Calcutta (present-day Kolkata) in West Bengal. However, in 1937, it was permanently shifted to Bombay (present-day Mumbai) in Maharashtra. The RBI prints all currency notes, except the ₹1 notes, and all other coins for the Union of India. The Ministry of Finance under the Government of India mints all coins for the nation.