Q.The Reserve Bank of India commenced its operations from April 1, ________.

The Reserve Bank of India commenced its operations from April 1, 1935, so the correct option is (d).

The Reserve Bank of India chapter in the Tamil Nadu HSC Commerce syllabus deals with the origin and status of the country's central bank.

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The correct answer is (b) 1935. The RBI, though constituted under the RBI Act 1934, actually commenced operations on 1st April 1935.

In the Tamil Nadu HSC Commerce syllabus, the origin of the central bank is an important fact:

• The Reserve Bank of India Act was passed in 1934 — this is the legal foundation.
• The RBI commenced its operations from 1st April 1935, functioning as the country's central bank.
• It was nationalised in 1949, after which it became fully owned by the Government of India. …