Which commission recommended the establishment of a central bank for India, a recommendation that took shape as the Reserve Bank of India?
- A.Fowler Commission
- B.Chamberlain Commission
- C.Hilton Young Commission
- D.Babington Smith Committee
Correct answer
Explanation
The correct answer is C, the Hilton Young Commission. The Royal Commission on Indian Currency and Finance of 1926, named after its chairman Edward Hilton Young, recommended that the functions of currency and credit be taken away from the Government and handed to a central bank; the recommendation was carried out by the Reserve Bank of India Act, 1934 and the Reserve Bank began operations on 1 April 1935. Option A is wrong because the Fowler Committee of 1898 dealt with the adoption of a gold standard for India. Option B is wrong because the Chamberlain Commission of 1913, on which John Maynard Keynes served, examined Indian finance and currency but was overtaken by the First World War. Option D is wrong because the Babington Smith Committee of 1919 only looked into the exchange ratio of the rupee after the war.
Read the full article: Commissions and Committees of British India: Years and Chairmen
Practice Questions
View allWhen was Simon Commission sent to India?
- A.1937
- B.1927
- C.1917
- D.1958
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The British Government announced the Indian Statutory Commission in November 1927 under Sir John Simon to review the working of the Government of India Act, 1919; the commission itself reached Bombay on 3 February 1928 and submitted its report in 1930.
Read the full explanation →A resolution boycotting the Simon Commission was passed at the 1927 ____ Congress session.
- A.Kanpur
- B.Lucknow
- C.Lahore
- D.Madras
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The annual session of the Indian National Congress held at Madras in December 1927, presided over by Dr M. A. Ansari, resolved to boycott the Simon Commission at every stage and in every form, and the same session passed a resolution on complete independence.
Read the full explanation →The Simon Commission which was sent by the British Government was boycotted because:
- A.The Commission curbed financial independence of India.
- B.The Commission did not have any Indian member.
- C.There were differences amongst the members.
- D.It gave special powers to the Princely states.
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All seven members of the Indian Statutory Commission were British members of Parliament, among them Clement Attlee, and Indians of every party read this as a declaration that they were unfit to decide their own constitution; hence the boycott and the slogan 'Simon, go back'.
Read the full explanation →The Indian Education Commission of 1882, appointed during the viceroyalty of Lord Ripon, was headed by:
- A.Sir Charles Wood
- B.Sir William Wilson Hunter
- C.Sir Thomas Raleigh
- D.Sir Michael Sadler
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The Indian Education Commission of 1882, known as the Hunter Commission, reviewed the progress of education since Wood's Despatch and recommended that the State pay special attention to primary education in the vernacular and hand schools over to the newly created local boards, in keeping with Ripon's local self-government resolution.
Read the full explanation →On the recommendation of which commission was the Imperial Council of Agricultural Research set up in 1929?
- A.Royal Commission on Agriculture, 1928
- B.Indian Industrial Commission, 1916
- C.Indian Fiscal Commission, 1921
- D.Floud Commission, 1938
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Appointed in 1926 and chaired by Lord Linlithgow, it examined the condition of Indian agriculture and rural life and recommended a central body to coordinate agricultural research, which was established in 1929 as the Imperial Council of Agricultural Research, renamed the Indian Council of Agricultural Research after independence.
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