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Question
The Reserve Bank of India was established in _________.
The Reserve Bank of India was established in _________.
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Solution
The correct option is A April 1935
The Reserve Bank of India (RBI) is India's central banking and
monetary authority.
It was founded on 1 April 1935 to
respond to economic troubles after the First World War.
RBI regulates loans offered by banks and non-banking
financial institutions to government entities, businesses, and consumers and
controls the availability of funds in the financial system for credit.
The Reserve Bank of India (RBI) is India's central banking and monetary authority.
It was founded on 1 April 1935 to respond to economic troubles after the First World War.
RBI regulates loans offered by banks and non-banking financial institutions to government entities, businesses, and consumers and controls the availability of funds in the financial system for credit.
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