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The Reserve Bank of India was established in:

A1935
B1969
C1947
D1956
Answer & Solution
Correct answer: A. 1935
RBI was established on 1 April 1935 under the RBI Act, 1934. Originally privately owned nationalized in 1949 after independence. Headquartered in Mumbai. Functions as India's central bank, currency issuer, banker to government and banks.
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