Discussion
In which year was the Reserve Bank of India established?
Answer: C
The Reserve Bank of India was established on 1 April 1935 under the Reserve Bank of India Act, 1934, following the recommendations of the Hilton Young Commission, and it began work in Calcutta before moving to Mumbai. It was nationalised in 1949. The years 1933, 1936 and 1931 are not the year of its start, although the Act itself was passed in 1934. The answer is 1935, option C.
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