Multiple Choice Questions on The headquarters of RBI is situated at ........ for Common University Entrance Test (CUET) Preparation

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Indian Economy - Understanding the basics of Indian economic system

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    The headquarters of RBI is situated at 

    This questions was previously asked in
    CUET General Aptitude Test Previous Year Question Paper (2022)

    Delhi

    Incorrect Answer

    Kolkata

    Incorrect Answer

    Chennai

    Incorrect Answer

    Mumbai

    Correct Answer
    Explanation:

    Solution with Explanation:

    The Reserve Bank of India (RBI) is the central banking institution of India, which regulates the monetary policy of the country.

    • Establishment: The RBI was established on 1st April 1935 in Kolkata (formerly Calcutta).
    • Headquarters Shift: In 1937, the headquarters of RBI was shifted to Mumbai (then Bombay).
    • Reason for the Shift: Mumbai was a growing financial hub, and the shift allowed better control over financial markets and economic activities.

    Correct Answer:

    Option D: Mumbai

     

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