India got its central bank in ........

Static GK (MTS) Banking Awareness

India got its central bank in ______.

This questions was previously asked in

SSC MTS 26th July 2022 Shift-1

1935

1937

1940

1942

- Option 1: 1935

- The Reserve Bank of India (RBI), the central bank of India, was established on April 1, 1935.

- It was created to regulate the issue of banknotes, maintain reserves, and operate the credit and currency system.

- Option 2: 1937

- There was no significant event related to the establishment of the RBI in this year.

- Option 3: 1940

- World War II was ongoing, but there were no major changes to the central bank's structure.

- Option 4: 1942

- This year was marked by significant historical events like the Quit India Movement, but not related to the RBI's establishment.

Correct Answer: Option 1 – 1935

Submit Error