The central bank of India or Reserve Bank of India was created before Independence, in the year 1934. The recommendation to create a central bank was made by a commission called:

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Accepted Answer

1. The Royal Commission on Indian Currency and Finance, commonly known as the Hilton Young Commission, was set up in $1926$.
2. That commission recommended the establishment of a central bank for India.
3. The Reserve Bank of India was created by the Reserve Bank of India Act in $1934$ and commenced operations on 1 April $1935$.

Therefore the recommending commission is the Hilton Young Commission (option 4).

FINAL_ANSWER: d

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