Regulatory Authorities

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Indian Economy - Understanding the basics of Indian economic system

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Which commission recommended the formation of RBI?

YV Reddy Committee

Hilton Young Commission

Rangrajan Committee

J Reddy Committee

Explanation:

Hilton Young Commission

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: Samar Thakur

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