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The RBI was e...

Question

The RBI was established on 1st April, 1935 on the recommendation of ___________.

A

Khandwal Commission

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B

Narasimham Commission

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C

Nachiket Mor Commission

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D

Hilton Young Commission

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Solution

The correct option is D Hilton Young Commission
RBI was established in 1935 on the recommendations of Hilton-Young Commission which had recommended its creation in 1926. There were two chief reasons behind this recommendation:
To separate the control of currency and treasury from the Govt
To augment banking facilities across the country,

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