The Reserve Bank of India was established on 1 April _______with a share capital of Rs. 5 crore.

Correct option is D

The correct answer is (d) 1935.
· The Reserve Bank of India (RBI) was established on 1 April 1935.
· It was initially set up with a share capital of Rs. 5 crore, which was divided into shares of Rs. 100 each.
· The establishment of the RBI marked the beginning of a central banking system in India, and it was originally privately owned before being nationalized in 1949.
· The headquarters of RBI is in Mumbai. RBI has its branches in all the state capitals.
Key points about RBI:
· The Reserve Bank of India (RBI), had Sir Osborne Smith as its first Governor. He assumed office on April 1, 1935, when the RBI was established as per the Reserve Bank of India Act, 1934.
· Sir C D Deshmukh was the first Indian Governor of RBI.
· Shaktikanta Das is serving as the current & 25th governor of the Reserve Bank of India