Which of the following statements is/are correct about a non-Constitutional body,
Which of the following statements is/are correct about a non-Constitutional body,
Reserve Bank of India (RBI)?
(1) RBI performs several crucial functions like regulating and supervising the banking
system, managing the currency and credit system and managing foreign exchange
reserves.
(2) RBI was established on April 1, 1935 in accordance with the provisions of the
Reserve Bank of India Act, 1934.
(3) The Central Office of the RBI was initially established in Kolkata but was
permanently moved to Mumbai in 1937
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Correct answer: (D) (1), (2) and (3)