Which among the following financial institutions was nationalised in 1949?

RBI

The correct answer is Option (1) → RBI

Out of the listed options, the financial institution nationalised in 1949 was the Reserve Bank of India (RBI).

• The Reserve Bank of India was the first financial institution nationalised in India.
• The nationalisation happened with effect from 1st January 1949.
• Public National Bank (Punjab National Bank now), IFCI (Industrial Finance Corporation of India), and SIDBI (Small Industries Development Bank of India) were not nationalised in 1949.