Q. The Reserve Bank of India was nationalized in which of the following year?

[A] 1947

[B] 1949

[C] 1951

[D] 1955

Answer: B
Notes:

Explanation: The Reserve Bank of India was nationalized with effect from 1st January, 1949 on 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.

Source: https://rbi.org.in/history/Brief_RBI_Nationalisation.html