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SSC CHSL 2023 PYQ — Question 117

SSC CHSL Tier II - 02 Nov 2023 - Shift 1 • General Awareness • Q117

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The Reserve Bank of India was established in:

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Correct answer: C

Explanation

The correct answer is option 3 i.e, 1935.

  • The Reserve Bank of India (RBI) is the central bank of India, responsible for regulating the country's monetary and financial systems. It was established on April 1, 1935, based on the provisions of the Reserve Bank of India Act, 1934.
  • The RBI was conceptualized and established to oversee the monetary policy of the Indian rupee, manage the country's foreign exchange reserves, regulate the banking sector, and ensure the stability of the financial system.