In which year, Nationalization of Reserve Bank of India was done?

Q. In which year, Nationalization of Reserve Bank of India was done?
Answer: 1949
Notes: In 1949, the Government of India nationalized the Reserve Bank under the Reserve Bank (Transfer of Public Ownership) Act, 1948. From January 1, 1949, RBI started working as a government owned bank.

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📌 Question Number: 4 in 02 - History of Reserve Bank of India in the above course in App.