RBI was setup on the recommendations of which Commission?

Strachey Commission

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Hilton Young Commission

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Fowler Commission

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Hunter Commission

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Solution

The correct option is B Hilton Young Commission
RBI was established based on the suggestions of the “Royal Commission on Indian Currency & Finance” in 1926. This commission was also known as Hilton Young Commission. It was established on 1st April 1935. In 1949, the Reserve Bank of India was nationalized and became a member bank of the Asian Clearing Union.

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