Types of Banks and Banking

Economic Affairs

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Indian Economy - Understanding the basics of Indian economic system

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When was RBI nationalised?

1st April, 1935

1st January, 1949

1st January, 1935

1st July, 1969

Explanation:

Following India's independence on 15 August 1947, the RBI was nationalised on 1 January 1949.
The Reserve Bank of India (RBI) is India's central banking institution, which controls the monetary policy of the Indian rupee. It commenced its operations on 1 April 1935 during the British Rule in accordance with the provisions of the Reserve Bank of India Act, 1934.

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