1) Which is the apex bank or central bank in India?
Answer : Reserve Bank of India (RBI).
2) When did Reserve Bank of India come into existence?
Answer : April 1, 1935
3) Upon which commission’s recommendations RBI was setup?
Answer : Hilton and Young Commission
4) In which year Hilton and Young Commission submitted its report?
Answer : 1926
5) Where was the head office of Reserve Bank of India when it came to existence?
Answer : Kolkata, Bengal
6) In which year Reserve Bank of India was Nationalised?
Answer : 1949
7) In which year Banking Regulation Act was passed?
Answer : 1949
8) Which was the first bank to be setup in India?
Answer : General Bank of India in 1786
9) Which were the banks being established under the charter of British East India Company?
Answer : Bank of Bengal
Bank of Bombay
Bank of Madras
10) Bank of Bengal, Bank of Madras, Bank of Bombay was also known as?
Answer : Presidency Banks
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