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Question
The RBI was nationalized in the year 1935.
The RBI was nationalized in the year 1935.
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Solution
The correct option is B False
False. Reserve Bank of India(RBI)
which is an apex bank that controls and regulates the entire banking system of India was
nationalized in 1949. It is the sole agency of issuing currency notes and controls the supply of
money in the economy through its monetary policy.
False.
Reserve Bank of India(RBI)
which is an apex bank that controls and regulates the entire banking system of India was
nationalized in 1949. It is the sole agency of issuing currency notes and controls the supply of
money in the economy through its monetary policy.
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