The question asks for the date when the Reserve Bank of India (RBI) commenced its operations and under which legislative act. To answer this, one needs to recall the historical establishment of the RBI.
D) 1 April 1935, under the Reserve Bank of India Act, 1934 — This option correctly identifies both the date of commencement of operations and the specific legislative act under which the RBI was established.
The question asks about the committee whose recommendations led to the establishment of the Reserve Bank of India (RBI). This requires knowledge of the historical context and key committees related to India's financial system.
C) Hilton Young Commission (the Royal Commission on Indian Currency and Finance, 1926). This commission's recommendations were instrumental in the establishment of the Reserve Bank of India.
The question asks about the original constitution of the Reserve Bank of India (RBI) at the time of its establishment in 1935. To answer this, one needs to recall the historical context and the ownership structure of the RBI when it was first set up.
Correct Option: C) A shareholders' bank, with its share capital privately owned
The question asks for the date on which the Reserve Bank of India (RBI) was nationalised, meaning it became fully owned by the Government of India. This is a factual question related to the history of the RBI and Indian economic policy.
A) 1 January 1949 is the correct date when the Reserve Bank of India was nationalised and became fully owned by the Government of India.
The question asks to identify the first Governor of the Reserve Bank of India (RBI). This is a factual question related to the history of a key financial institution in India. Recalling the early history and key figures associated with the RBI's establishment and initial years is crucial.
Correct Option: A) Sir Osborne Smith, an Australian professional banker, who served from 1935 to 1937
The question asks to identify the first Indian to hold the position of Governor of the Reserve Bank of India (RBI). This requires knowledge of the history of the RBI and its governors.
A) Sir C. D. Deshmukh, who served from 1943 to 1949: Sir C. D. Deshmukh was indeed the first Indian Governor of the Reserve Bank of India. He held the office from 1943 to 1949, which aligns with the information provided.