When was the Reserve Bank of India nationalised?

1^st January, 1954

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1st January, 1951

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1^st January, 1949

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1^st January, 1956

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Solution

The correct option is C
1^st January, 1949

On the 1^st of January, 1949, the RBI was nationalised by the Government of India. It then started functioning as the central bank of India.

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