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In which year was RBI nationalized?
- A1969
- B1947
- C1949
- D1974
Answer not set
Discussion 1
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CCommunity
- RBI was nationalized in year 1949.
- RBI full form is Reserve Bank of India and it overseas monetary functions of the country.
- It was formed on 1st April 1935, under the ReserveBank of IndiaAct1934.
- RBI was initially held by privateinvestors but after independence RBI was nationalized by government of India in year 1949 by passing ReserveBankofIndiaAct1948
- HeadoftheRBI is called the Governor.
- Headquarters: Mumbai
- RBI full form is Reserve Bank of India and it overseas monetary functions of the country.
- It was formed on 1st April 1935, under the ReserveBank of IndiaAct1934.
- RBI was initially held by privateinvestors but after independence RBI was nationalized by government of India in year 1949 by passing ReserveBankofIndiaAct1948
- HeadoftheRBI is called the Governor.
- Headquarters: Mumbai