Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Money and Banking

Question:

India got its Central bank in:

Options:

1934

1935

1936

1950

Correct Answer:

1935

Explanation:

The correct answer is Option (2) → 1935

Central Bank is a very important institution in a modern economy. Almost every country has one central bank. India got its central bank in 1935. Its name is the ‘Reserve Bank of India’.