Discussion Forum : Nabard & Other Bank Examinations
Question -
When was the RBI Act enacted?
Answer: Option C
RESERVE BANK OF INDIA ACT, 1934 WAS ENACTED ON 6 MARCH, 1934 TO CONSTITUTE THE RESERVE BANK OF INDIA AND COMMENDED FROM APRIL 1, 1935. IT PROVIDES FOR LAWS FOR THE SUPERVISION OF BANKING FIRMS IN INDIA AND OTHER RELATED MATTERS.
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RESERVE BANK OF INDIA ACT, 1934 WAS ENACTED ON 6 MARCH, 1934 TO CONSTITUTE THE RESERVE BANK OF INDIA AND COMMENDED FROM APRIL 1, 1935. IT PROVIDES FOR LAWS FOR THE SUPERVISION OF BANKING FIRMS IN INDIA AND OTHER RELATED MATTERS.
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