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What was the paid-up capital of the Reserve Bank of India (RBI) when it started operations in 1935?
Question

What was the paid-up capital of the Reserve Bank of India (RBI) when it started operations in 1935?

A.

₹2 crores

B.

₹5 crores

C.

₹10 crores

D.

₹15 crores

E.

₹20 crores

Correct option is B

The Reserve Bank of India (RBI) began its operations in 1935 with a paid-up capital of ₹5 crores.
Paid-up capital refers to the money paid by shareholders for their shares, representing their ownership in the institution.
This capital was initially contributed by shareholders when the RBI was established under the Reserve Bank of India Act, 1934.

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