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Question
How many central banks are there in India?
How many central banks are there in India?
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Solution
The correct option is A 1
A country has only one central bank, and in India we call it the Reserve Bank of India or RBI. The RBI issues rules and regulations for each bank as a means to monitor the activities of all banks in the country.
A country has only one central bank, and in India we call it the Reserve Bank of India or RBI. The RBI issues rules and regulations for each bank as a means to monitor the activities of all banks in the country.
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