JKSSB Mock Tests

The Reserve Bank of India was fully nationalised and owned by the Government of India in which of the following years?

A. 1949
B. 1950
C. 1947
D. 1948
Answer: Option A
Solution (By JKSSB Mock Tests Team)
Originally established as a private shareholders' bank in 1935, the Reserve Bank of India was nationalized on January 1, 1949, following the RBI (Transfer of Public Ownership) Act.
This Question Belongs to: General knowledge mcqs Economics set 1

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