I am the apex banking institution. I control and regulate the entire banking system and money supply of the country. All the commercial banks have to follow the rules I set. I am the banker of all the banks and the government. Who am I?

NABARD

No worries! We‘ve got your back. Try BYJU‘S free classes today!

RBI

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Central bank

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

SHGs

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C Central bank
The RBI is the apex bank of India and it is also known as the Central Bank. The RBI controls and regulates the entire banking system and money supply of the country. It also has a reserve that is made up of a small portion of the deposits that other banks get and give to the RBI.

Suggest Corrections

Similar questions

92. The Reserve Bank of India (RBI) acts as a bankers’ bank. This would imply which of the following? [2012 - I]

i) Other banks retain their deposits with the RBI.

ii) The RBI lends funds to the commercial banks in times of need.

iii) The RBI advises the commercial banks on monetary matters.

Select the correct answer using the codes given below:

Join BYJU'S Learning Program