Question

Identify the bank in which you as an individual or a businessman cannot go to in order to make financial transactions?

• A. Cooperative banks
• B. Indigenous banks
• C. Reserve Bank of India
• D. Post office saving banks

Answer 1

The correct option is C Reserve Bank of India

Types of banks that deals with public transactions are:

1. Commercial banks
2. Industrial development banks
3. Land development banks
4. Cooperative banks
5. Indigenous banks
6. Post office saving banks

However, the RBI does not deal with public transactions.