The central bank of India or Reserve Bank of India was…

Question

The central bank of India or Reserve Bank of India was created before Independence, in the year 1934. The recommendation to create a central bank was made by a commission called:

Select an answer

Question & Answer (English)

The central bank of India or Reserve Bank of India was created before Independence, in the year 1934. The recommendation to create a central bank was made by a commission called:

  1. Dr. Raja Chelliah Committee
  2. Kothari Commission
  3. Hilton Young Commission — Correct Answer
  4. Narasimham Committee
Explanation:

The Reserve Bank of India (RBI) was established on the basis of the recommendations of the Hilton Young Commission (also known as the Royal Commission on Indian Currency and Finance) in 1926.

  • The RBI Act was passed in 1934.
  • It commenced operations on April 1, 1935.
  • Before nationalization in 1949, the RBI was a privately owned institution.

प्रश्न एवं उत्तर (हिंदी)

भारत के केंद्रीय बैंक या भारतीय रिजर्व बैंक का निर्माण स्वतंत्रता से पहले, वर्ष 1934 में किया गया था। एक केंद्रीय बैंक बनाने की सिफारिश किस आयोग द्वारा की गई थी:

  1. डॉ. राजा चेलैया समिति
  2. कोठारी आयोग
  3. हिल्टन यंग आयोग — सही उत्तर
  4. नरसिम्हम समिति
स्पष्टीकरण:

भारतीय रिजर्व बैंक (RBI) की स्थापना 1926 में हिल्टन यंग आयोग (जिसे 'रॉयल कमीशन ऑन इंडियन करेंसी एंड फाइनेंस' भी कहा जाता है) की सिफारिशों के आधार पर की गई थी।

  • आरबीआई अधिनियम 1934 में पारित किया गया था।
  • इसने 1 अप्रैल, 1935 से अपना काम शुरू किया।
  • 1949 में राष्ट्रीयकरण से पहले, आरबीआई एक निजी स्वामित्व वाली संस्था थी।

📚 About this Topic — General Awareness

This multiple choice question is from General Awareness, General Awareness (2024), General Awareness (2024)-5, SSC CGL Tier-1 (PYQs). It has 4 options with a detailed explanation of the correct answer and is available in both English and Hindi (द्विभाषी). Practice more MCQs from General Awareness to strengthen your preparation.

Author Avatar
Anvi Classes

Anvi classes for Current Affairs, GK, and General Studies MCQs. Prepare for UPSC, SSC, and other competitive exams with our comprehensive quizzes.