alleryWhich Act laid the legal base for the Reserve Bank of India?
AIT Act, 2000
BRBI Act, 1934
CCoinage Act, 2011
DFEMA Act, 1999
Answer & Solution
Correct answer: B. RBI Act, 1934
1. The RBI draws its powers from a particular Act.
2. The Reserve Bank of India Act, 1934 gives it this role.
3. The other Acts deal with coinage, foreign exchange and IT.
_Source: Wikipedia, Indian rupee (CC BY-SA 4.0), Indian rupee_
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