Act No. 2 of 1934
E161588
Act No. 2 of 1934 is the Indian legislative act that established the Reserve Bank of India as the country’s central bank and set out its powers, functions, and regulatory framework.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Act No. 2 of 1934 canonical | 1 |
How this entity was disambiguated
This entity first appeared as the object of triple T1409924 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: Act No. 2 of 1934 Context triple: [Reserve Bank of India Act, 1934, citation, Act No. 2 of 1934]
-
A.
’34 Act
The ’34 Act is a foundational U.S. federal securities law that regulates secondary trading of securities, mandates ongoing disclosure by public companies, and established the Securities and Exchange Commission (SEC).
-
B.
Enabling Act of 1933
The Enabling Act of 1933 was a pivotal German law that granted Adolf Hitler’s government the power to enact legislation without parliamentary consent, effectively establishing his dictatorial rule.
-
C.
Aldrich–Vreeland Act
The Aldrich–Vreeland Act was a 1908 U.S. law that created emergency currency provisions and laid groundwork for banking reform in response to the Panic of 1907.
-
D.
’33 Act
The ’33 Act is a foundational U.S. federal securities law that governs the initial offering and sale of securities to the public, emphasizing disclosure to protect investors.
-
E.
Adamson Act
The Adamson Act was a landmark 1916 U.S. federal law that established the eight-hour workday for interstate railroad workers, marking a major victory for labor rights during the Progressive Era.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: Act No. 2 of 1934 Target entity description: Act No. 2 of 1934 is the Indian legislative act that established the Reserve Bank of India as the country’s central bank and set out its powers, functions, and regulatory framework.
-
A.
’34 Act
The ’34 Act is a foundational U.S. federal securities law that regulates secondary trading of securities, mandates ongoing disclosure by public companies, and established the Securities and Exchange Commission (SEC).
-
B.
Enabling Act of 1933
The Enabling Act of 1933 was a pivotal German law that granted Adolf Hitler’s government the power to enact legislation without parliamentary consent, effectively establishing his dictatorial rule.
-
C.
Aldrich–Vreeland Act
The Aldrich–Vreeland Act was a 1908 U.S. law that created emergency currency provisions and laid groundwork for banking reform in response to the Panic of 1907.
-
D.
’33 Act
The ’33 Act is a foundational U.S. federal securities law that governs the initial offering and sale of securities to the public, emphasizing disclosure to protect investors.
-
E.
Adamson Act
The Adamson Act was a landmark 1916 U.S. federal law that established the eight-hour workday for interstate railroad workers, marking a major victory for labor rights during the Progressive Era.
- F. None of above. chosen
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
Indian legislative act
ⓘ
banking law ⓘ central banking law ⓘ |
| amended | multiple times after Indian independence ⓘ |
| cameIntoForce | 1 April 1935 ⓘ |
| containsProvision |
appointment and tenure of the Governor and Deputy Governors of the Reserve Bank of India
ⓘ
audit and accounts of the Reserve Bank of India ⓘ composition of the Central Board of the Reserve Bank of India ⓘ definition of scheduled banks ⓘ establishment of local boards of the Reserve Bank of India ⓘ maintenance of cash reserve ratio by banks with the Reserve Bank of India ⓘ penalties for contravention of the Act ⓘ prohibition of the Reserve Bank of India from engaging in certain types of business ⓘ regulation of advances to the Government by the Reserve Bank of India ⓘ regulation of the business that the Reserve Bank of India may transact ⓘ regulation of the issue department and banking department of the Reserve Bank of India ⓘ regulation of ways and means advances ⓘ relations of the Reserve Bank of India with commercial banks ⓘ relations of the Reserve Bank of India with the Government of India ⓘ |
| country | India ⓘ |
| dateOfEnactment | 1934 ⓘ |
| definesRoleAs |
central bank of India
ⓘ
linked to:
Reserve Bank of India
|
| enactedBy | Imperial Legislative Council of India ⓘ |
| establishes | Reserve Bank of India ⓘ |
| grantsPower |
Reserve Bank of India to act as lender of last resort
ⓘ
Reserve Bank of India to issue bank notes ⓘ Reserve Bank of India to maintain cash reserves of scheduled banks ⓘ Reserve Bank of India to regulate credit ⓘ |
| hasOfficialName | Reserve Bank of India Act, 1934 ⓘ |
| jurisdiction | India ⓘ |
| language | English ⓘ |
| legalBasisFor |
Reserve Bank of India’s note-issuing monopoly in India
ⓘ
Reserve Bank of India’s status as central bank of India ⓘ |
| longTitle | An Act to constitute a Reserve Bank of India to regulate the issue of bank notes and the keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage ⓘ |
| purpose |
to constitute the Reserve Bank of India
ⓘ
to keep reserves with a view to securing monetary stability in India ⓘ to operate the currency and credit system of India to its advantage ⓘ to regulate the issue of bank notes in India ⓘ |
| regulates |
banker to state governments functions of the Reserve Bank of India
ⓘ
banker to the Government of India functions of the Reserve Bank of India ⓘ functions of the Reserve Bank of India as banker’s bank ⓘ issue of currency notes by the Reserve Bank of India ⓘ management of foreign exchange reserves by the Reserve Bank of India ⓘ monetary policy framework in India ⓘ |
| relatedTo |
banking regulation in India
ⓘ
foreign exchange management in India ⓘ monetary policy of India ⓘ |
| shortTitle | Reserve Bank of India Act, 1934 ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: Act No. 2 of 1934 Description of subject: Act No. 2 of 1934 is the Indian legislative act that established the Reserve Bank of India as the country’s central bank and set out its powers, functions, and regulatory framework.
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.