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CLAT Sample Paper CLAT Sample Paper-6

  • question_answer
    The Reserve Bank of India was established in

    A)  April 1, 1934

    B)  April 1, 1935

    C)  September 1, 1935

    D)  April 1, 1950

    Correct Answer: B

    Solution :

    The Reserve Bank of India (RBI) is India's central banking institution, which controls the monetary policy of the Indian rupee. It was established on April 1, 1935 during the British Raj in accordance with the provisions of the Reserve Bank of India Act, 1934.


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