The correct answer is D. All of the above.
The Reserve Bank of India (RBI) was established on 1st April 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934. The Central Office of RBI was initially established in Kolkata but was permanently moved to Mumbai in 1937. The Central Office is where the Governor sits and where policies are formulated. Though originally privately owned, since nationalization on 1st January 1949, RBI is fully owned by the Government of India.
The RBI is the central bank of India and is responsible for formulating and implementing monetary policy, regulating the financial system, and issuing currency. It is also the banker to the Government of India and the commercial banks. The RBI is governed by a central board of directors, which is headed by the Governor.
The RBI plays a vital role in the Indian economy. It helps to maintain price stability, promote economic growth, and ensure financial stability. It also provides a number of services to the Government of India and the commercial banks.
The RBI is a powerful institution and its decisions have a significant impact on the Indian economy. It is important to understand the role of the RBI and its functions in order to understand the Indian economy.