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Question

When was RBI nationalised?

A
1945
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B
1949
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C
1956
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D
1960
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Solution

The correct option is B 1949

Following India's independence on August 15th, 1947, the RBI was nationalised on January 1, 1949. The RBI plays an important part in the Development Strategy of the Government of India. It is a member bank of the Asian Clearing Union.


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