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The Reserve Bank was constituted to take over the management of the:
ACurrency
BCustoms
CCommerce
DCompanies
Answer & Solution
Correct answer: A. Currency
1. The Bank was set up under its own Act.
2. Its first purpose was named in that Act.
3. It took over management of the currency.
_Source: The Reserve Bank of India Act, 1934 (India Code)_
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