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    Question

    Where are the headquarters of RBI located?

    A.

    Kolkata

    B.

    Mumbai

    C.

    Chennai

    D.

    Patna

    Correct option is B

     The Reserve Bank of India was established on April 1, 1935, in accordance with the provisions of the Reserve Bank of India Act, 1934.
     The Central Office of the Reserve Bank was initially established in Calcutta but was permanently moved to Mumbai in 1937.
     The headquarters of RBI is in Mumbai.
     The Reserve Bank of India was set up on the basis of the recommendations of the Royal Commission on Indian Currency and Finance also known as the Hilton-Young Commission.

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