WBCS.LIVE practice question

The permanent central headquarters of the Reserve Bank of India (RBI) is located in which city?

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. New Delhi
  2. Kolkata
  3. Mumbai
  4. Chennai

Correct answer and explanation

Correct answer: Mumbai

Explanation: āœ… Correct Answer: C) Mumbai šŸ“š Explanation: When the Reserve Bank of India was initially established in 1935, its Central Office was set up in Calcutta (Kolkata). However, just two years later in 1937, it was permanently moved to Mumbai (Bombay). Mumbai remains the undisputed financial capital of India, housing the headquarters of most major banks.