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Question
Fill in the blank with appropriate alternatives given below
Reserve Bank of India was established in _____________.
Options
1937
1939
1935
1934
Solution
Reserve Bank of India was established in 1935.
Explanation: Reserve Bank of India, which is the central bank of India, is the apex institution of a country's monetary system. It was set up in 1935. The main objective of setting up this institution was to regulate and control the activities of the commercial banks and other financial institutions in the country.
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