India got its central bank, the Reserve Bank of India, in which year?
A1949
B1947
C1955
D1935
Answer & Solution
Correct answer: D. 1935
1. Almost every country has one central bank.
2. India's came in 1935.
3. It issues the country's currency.
_Source: syllabus Introductory Macroeconomics, Chapter 3, Money and Banking._
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