When was RBI nationalized ........

Current GK (IBPS-CL) Banking Awareness

When was RBI nationalized?

This questions was previously asked in

IBPS Clerk Mains (28 Feb, 2021 Shift 1)

1935

1947

1949

1950

1983

- The Reserve Bank of India (RBI) was originally established in 1935, but it was not nationalized at that time.

- 1947 marks India’s independence but not the nationalization of the RBI.

- 1949: The RBI was nationalized on 1st January 1949. This is when the government of India took control to regulate the banking sector efficiently.

- 1950 marks significant changes in India but doesn’t relate to the RBI’s nationalization.

- 1983 is unrelated to the RBI’s nationalization.

Correct Answer: Option:3, 1949

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