alleryThe Reserve Bank of India Act dates from:
A1934
B1949
C1961
D1881
Answer & Solution
Correct answer: A. 1934
1. The Bank Rate rests on Section 49 of that Act.
2. It predates the Banking Regulation Act.
3. It was enacted in 1934.
_Source: Reserve Bank of India (Commercial Banks - Responsible Business Conduct) Directions, 2025_
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