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Question

The Reserve Bank of India is headquartered at .

A
Chennai
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B
New Delhi
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C
Kolkata
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D
Mumbai
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Solution

The correct option is D Mumbai
The central office of the Reserve Bank of India (RBI) was initially located in Calcutta (present-day Kolkata) in West Bengal. However, in 1937, it was permanently shifted to Bombay (present-day Mumbai) in Maharashtra.

The Reserve Bank of India Act authorised the RBI to print currency notes and coins, manage them, and retrieve unfit currency notes in circulation.

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