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Commerce · Q35

Banking and Financial Institutions

Graduate and Post Graduate · Commerce · question 35

Q35

Which of the following statement/s is/are true about Reserve Bank of India?

A.
RBI was established on 1st April 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934
B.
The Central Office of RBI was initially established in Kolkata but was permanently moved to Mumbai in 1937. The Central Office is where the Governor sits and where policies are formulated
C.
Though originally privately owned, since nationalization on 1st January 1949, RBI is fully owned by the Government of India
D.
All of the above
Answer

Answer: Option D

Solution

Answer: Option D
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