SarkariPYQ

SSC GD 2019 PYQ — Question 30

SSC GD Constable (English) - 13 Feb 2019 Shift 1 • General Awareness • Q30

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Which of the following institutions is responsible for regulating the formal sources of credit in India?

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Correct answer: A

Explanation

The correct answer is option 1 i.e. RBI.

  • RBI is responsible for regulating the formal sources of credit in India.
  • It was established on 1 April 1935.
  • RBI was established via the RBI Act 1934 and was nationalised in 1949.
  • Its headquarter is in Mumbai.
  • TRAI was established in 1997.
  • NABARD was established in 1982.
  • IRDA was established in 1999.