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Banking - General Knowledge Questions
When was the currency function moved from Controller of Currency to RBI?
A)
1920
B)
1928
C)
1935
D)
1947

Correct Answer :   1935

On 1st April 1935, the currency function moved from Controller of Currency to RBI. Section 22 of the RBI Act 1934 makes provided that RBI has the sole right to issue Bank notes of all denominations.

Published On : June 29, 2021
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