(b) When was Reserve Bank of Indianationalised?

1.	(b) When was Reserve Bank of Indianationalised?
Answer» Ans :- 1st January, 1949 The Reserve Bank of India was nationalised with effect from1st January, 1949on the basis of the Reserve Bank of India (Transfer to Public Ownership) Act,1948. All shares in the capital of the Bank were deemed transferred to the Central Government on payment of a suitable compensation.

Answer»

Ans :- 1st January, 1949

The Reserve Bank of India was nationalised with effect from1st January, 1949on the basis of the Reserve Bank of India (Transfer to Public Ownership) Act,1948. All shares in the capital of the Bank were deemed transferred to the Central Government on payment of a suitable compensation.

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(b) When was Reserve Bank of Indianationalised?

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