The RBI was inaugurated on ________.

1st January, 1773

No worries! We‘ve got your back. Try BYJU‘S free classes today!

1st December, 1933

No worries! We‘ve got your back. Try BYJU‘S free classes today!

6th March, 1934

No worries! We‘ve got your back. Try BYJU‘S free classes today!

1st April, 1935

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is D 1st April, 1935
RBI stands for Reserve Bank of India. RBI is India's central banking institution. It controls the monetary policies of Indian rupee. It started with its operations during British rule in accordance with the provision of the Reserve Bank of India Act, 1934.

Suggest Corrections

Similar questions

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

Year that begins from 1st of January and ends on 31st of December, is known as _____ The year that begins from 1st of April and ends on 31st of March of the following year, is known as _____

Vinod Ltd., purchased a Plant on 1st April, 2005 for Rs.15,000. It purchased another plant on 1st October, 2005 costing Rs.20,000 and on 1st July, 2006 costing Rs.30,000. On 1st January, 2007 the Plant purchased on 1st April, 2005 became useless and was sold for Rs.2,000. Show Plant Account charging 10 % p.a. depreciation by fixed instalment method for four years. The plant purchased on 1st October, 2005 was sold for Rs.8,000 on 1st January, 2008. Accounts of the company are closed on 31st December each year.

Q. If the 1st January of a certain year, which was not a leap year, was a Thursday, then what day of the week was the 31st December of that year ?

A cheque of Rs 9,000 was deposited into the bank on 20th December but was credited into the pass book on 2nd January next year. What will be the adjustment on 31st December in cash book?

Join BYJU'S Learning Program

The RBI was inaugurated on ________.

The correct option is D 1st April, 1935RBI stands for Reserve Bank of India. RBI is India's central banking institution. It controls the monetary policies of Indian rupee. It started with its operations during British rule in accordance with the provision of the Reserve Bank of India Act, 1934.

The correct option is D 1st April, 1935
RBI stands for Reserve Bank of India. RBI is India's central banking institution. It controls the monetary policies of Indian rupee. It started with its operations during British rule in accordance with the provision of the Reserve Bank of India Act, 1934.