India got its central bank in ______.

1935

The correct answer is Option 1- 1935

The Reserve Bank of India (RBI) was established on April 1, 1935, under the Reserve Bank of India Act, 1934. The RBI is the central bank of India and is responsible for issuing currency, regulating the banking system, and managing the country's foreign exchange reserves.

The RBI was established as a result of the recommendations of the Hilton Young Commission, which was appointed by the British government to investigate the Indian currency system. The Commission recommended the establishment of a central bank to regulate the currency system and to promote financial stability in India.

The RBI has played a significant role in the development of the Indian economy. It has helped to promote financial stability and to ensure the sound development of the banking system. The RBI has also played a key role in managing the country's foreign exchange reserves and in ensuring the stability of the rupee.

The RBI is one of the most important financial institutions in India. It plays a vital role in the Indian economy and is responsible for ensuring the smooth functioning of the financial system.