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Question
In which year Reserve Bank was set up ?
In which year Reserve Bank was set up ?
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Solution
The correct option is A 1935
The Reserve Bank of India. was set up on the basis of he recommendations of the Hilton Young Commission. The Reserve Bank of India Act, 1934 (II of 1934) provides the statutory basis of the functioning of the Bank, which commenced operations on April 1, 1935.
The Reserve Bank of India. was set up on the basis of he recommendations of the Hilton Young Commission. The Reserve Bank of India Act, 1934 (II of 1934) provides the statutory basis of the functioning of the Bank, which commenced operations on April 1, 1935.
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