Reserve Bank of India

Finance

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On which commission’s recommendations; Reserve Bank of India was established?

Chamberlain Commission

Hilton Young Commission

Keynes Commission

None of the above

Explanation:

The Reserve Bank of India was set up on the basis of the recommendations of the Hilton Young Commission. The Reserve Bank of India Act, 1934 (II of 1934) provides the statutory basis of the functioning of the Bank, which commenced operations on April 1, 1935.

By: Srishti Gupta

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