Question
Download Solution PDFWhich of the following was established on the recommendation of the Hilton Young Commission?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is RBI.
Key Points
- Reserve Bank of India:-
- It was established in 1935 on the recommendation of the Hilton-Young Commission.
- The Reserve Bank of India is the central bank of the country.
- The Reserve Bank of India Act, 1934 provides the statutory basis of the functioning of the Bank.
- State Bank of India was established on 1 July 1955.
- Hilton Young Commission:-
- It was formally known as the Royal Commission on Indian Currency and Finance.
- It was an investigative body established by the British Government in 1925 to look into India's currency and finance systems.
- The committee was headed by Edward Hilton Young, hence the informal name "Hilton Young Commission".
Additional Information
- Securities and Exchange Board of India (SEBI):-
- It is the regulator for the securities market in India.
- It was established in the year 1988 and given statutory powers on April 12, 1992, through the SEBI Act, 1992.
- State Bank of India (SBI):-
- It is the largest commercial bank in India in terms of assets, deposits, branches, customers, and employees.
- The bank is also the largest mortgage lender in the country.
- National Bank for Agriculture and Rural Development (NABARD):-
- It is an apex development financial institution in India that focuses primarily on rural development.
- The bank's mission is to promote sustainable and equitable agriculture and rural development through effective credit support, related services, institution-building, and other innovative initiatives.
Last updated on Jul 9, 2025
-> The SSC CGL Notification 2025 for the Combined Graduate Level Examination has been officially released on the SSC's new portal – www.ssc.gov.in.
-> Bihar Police Admit Card 2025 Out at csbc.bihar.gov.in
-> This year, the Staff Selection Commission (SSC) has announced approximately 14,582 vacancies for various Group B and C posts across government departments.
-> The SSC CGL Tier 1 exam is scheduled to take place from 13th to 30th August 2025.
-> Aspirants should visit ssc.gov.in 2025 regularly for updates and ensure timely submission of the CGL exam form.
-> Candidates can refer to the CGL syllabus for a better understanding of the exam structure and pattern.
-> The CGL Eligibility is a bachelor’s degree in any discipline.
-> Candidates selected through the SSC CGL exam will receive an attractive salary. Learn more about the SSC CGL Salary Structure.
-> Attempt SSC CGL Free English Mock Test and SSC CGL Current Affairs Mock Test.
-> The AP DSC Answer Key 2025 has been released on its official website.
-> The UP ECCE Educator 2025 Notification has been released for 8800 Posts.