Original headquarters of RBI were located at ? 

Correct option is C

Correct Answer: (C) Bombay

• The original headquarters of the Reserve Bank of India (RBI) was located in Bombay (now Mumbai) when it was established in 1935.

• RBI was originally set up to regulate the monetary and financial system of the country.

• The central office of the RBI was housed in Calcutta (now Kolkata) when the bank began its operations in 1935. However, it was later moved to Mumbai in 1937.

• In 1937, Mumbai was chosen as the permanent headquarters due to its significance as the financial capital of India.

• The Reserve Bank of India (RBI) was established in 1935 under the provisions of the Reserve Bank of India Act, 1934.

• RBI’s role is to manage the monetary policy, currency circulation, and financial stability of India.

• The move of the headquarters to Bombay reflected the city’s growing significance as the financial hub of India.

• Mumbai hosts the financial markets, major banks, and the stock exchange, making it an ideal location for RBI's operations.

• The RBI headquarters continues to operate from Mumbai today, although its regional offices are spread across India.