RBI is the Central Bank of the country.
RBI is the banker of the Central and the State Governments.
RBI is the custodian of the country's Foreign Exchange Reserve.
RBI was established in 1949
Answer is Wrong!
Answer is Right!
The correct answer is (d). RBI was established in 1935, not 1949.
RBI is the Central Bank of India. It was established on April 1, 1935, in accordance with the Reserve Bank of India Act, 1934. The RBI is the banker to the Government of India and the banker’s bank. It is also the custodian of the country’s foreign exchange reserves. The RBI is responsible for formulating and implementing monetary policy, regulating the banking system, and promoting financial stability.