Multiple Choice Questions on When was R B I nationalised ........ for RBI Grade B Exam Preparation

Reserve Bank of India

Finance (RBI)

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Indian Economy - Understanding the basics of Indian economic system

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    When was R.B.I. nationalised?

    1935

    Incorrect Answer

    1949

    Correct Answer

    1929

    Incorrect Answer

    1914

    Incorrect Answer
    Explanation:

    It commenced its operations on 1 April 1935 in accordance with the Reserve Bank of India Act, 1934. The original share capital was divided into shares of 100 each fully paid . Following India's independence on 15 August 1947, the RBI was nationalised on 1 January 1949.


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