© examsiri.com
Question : 83 of 100
Marks:
+1,
-0
Solution:
Option 2 is correct, i.e.
Reserve Bank of India. - Reserve Bank of India:
- The Reserve Bank of India (RBI) is India's central banking institution, which controls the issuance and supply of the Indian rupee.
- Until the Monetary Policy Committee was established in 2016, it also controlled monetary policy in India.
- It commenced its operations on 1st April 1935 in accordance with the Reserve Bank of India Act, 1934.
- The original share capital was divided into shares of 100 each fully paid, which were initially owned entirely by private shareholders.
- Following India's independence on 15th August 1947, the RBI was nationalized on 1st January 1949.
- It's Head Office is in Mumbai.
© examsiri.com
Go to Question: