Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Money and Banking

Question:

Central Bank is a very important institution in a modern economy. Almost every country has one central bank. India got its central bank in _____.

Options:

1935

1936

1934

1937

Correct Answer:

1935

Explanation:

The correct answer is Option (1) → 1935

The Reserve Bank of India (RBI), which is the central bank of India, was established on April 1, 1935, under the provisions of the Reserve Bank of India Act, 1934.