General Knowledge · Reserve Bank of India
Which of the following statements best reflects the origin and statutory foundation commemorated on RBI Foundation Day?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1It denotes the shift to a formal inflation targeting framework.
- 2It celebrates the merger of presidency banks into a central bank authority.
- 3It commemorates establishment under the RBI Act, 1934, based on the Hilton Young Commission recommendations.✓
- 4It marks the nationalization of RBI under the Banking Regulation Act.
Correct answer
It commemorates establishment under the RBI Act, 1934, based on the Hilton Young Commission recommendations.
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for General Knowledge?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Reserve Bank of India MCQs →Want more practice questions on Reserve Bank of India?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in General Knowledge · Reserve Bank of India