In which year did India get its central bank, the Reserve Bank of India?

1. The central bank of a country is the institution that issues its currency and controls money supply. 2. India's central bank is the Reserve Bank of India. 3. It was established in **1935**, before independence. 4. 1949 is the year the RBI was nationalised, and 1947 is independence, so both are common traps here. _Source: syllabus Introductory Macroeconomics, Ch 3 "Money and Banking", section 3.2 DEMAND FOR MONEY AND SUPPLY OF MONEY_