What was the paid-up capital of the Reserve Bank of India (RBI) when it…
2024
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
Show answer & explanation
Correct answer: B
When the Reserve Bank of India started operations in 1935, its paid-up capital was Rs. 5 crores.