The East India Company Double Mohur, with the sketch of the Lion and Palm Tree, was found most suitable; however, it was decided to replace the lion by the tiger, the latter being regarded as the more characteristic animal of India. The Board of Directors, on February 23, 1935, approved the design of the RBI seal.
2) what is the animal on insignia of the RBI
Answer is:
tiger
Explanation:
Related Banking System MCQ (GK Set-1) with Answers
Answer is:
It is included in the II schedule of Reserve Bank of India Act
5) for regulation and development of the insurance sector of the country the government has formed :
Answer is: