Question
General Knowledge Question on Business Finance
RBI holds ..... equity in National Housing Bank
A
75%
B
60%
C
50%
D
100%
Answer
100%
Explanation
Solution
The Reserve Bank of India (RBI) is the central bank and regulatory authority for the Indian banking system, established on April 1, 1935. It was created in response to economic challenges following World War I, based on recommendations from the Hilton Young Commission (1926) and formalized under the RBI Act of 1934. The RBI plays a critical role in managing the issuance and supply of the Indian rupee, overseeing payment systems, and promoting economic development in India.
The correct option is (D): 100%