SarkariPYQ

SSC GD 2023 PYQ — Question 21

SSC GD Constable (English) - 25 Jan 2023 - Shift 3 • General Awareness • Q21

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The Reserve Bank of India was established on _______.

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Correct answer: D

Explanation

The correct answer is option 4 i.e. April 1, 1935

In compliance with the regulations outlined in the Reserve Bank of India Act, 1934, the Reserve Bank of India was founded on April 1, 1935.

  • The Reserve Bank of India's Central Office was first located in Kolkata before being permanently relocated to Mumbai in 1937.
  • India's central bank and regulatory authority, known by its acronym RBI, is in charge of overseeing the country's financial sector.
  • The Indian government's Ministry of Finance is the owner of it.
  • It is in charge of managing the Indian rupee's supply, issuing it, and keeping it in circulation.