Which of the following Act provided for the establishment of Reserve Bank of India?

Government of India Act, 1919

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Government of India Act, 1935

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Indian Independence Act, 1947

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RBI Act, 1935

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Solution

The correct option is C Government of India Act, 1935
The government of India Act of 1935 provided for the establishment of a Reserve Bank of India to control the currency and credit of the country. The Act marked a second milestone towards a completely responsible government in India. It was a lengthy and detailed document having 321 Sections and 10 Schedules.

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Similar questions

Institutions	Established by
1. Joint Public Service Commission	Government of India Act, 1919
2. Reserve Bank of India	Government of India Act, 1935
3. Governor General of India	Charter Act, 1833

When was Reserve Bank of India Act enacted?

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