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Question
In case of India, which of the following plays the role of the central bank?
In case of India, which of the following plays the role of the central bank?
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Solution
The correct option is C Reserve Bank of India
Countries designate a particular bank as their central bank. It, in turn, plays various crucial roles. One such role is to be the repository of the physical gold owned by the government. In case of India, the Reserve Bank of India plays the role of the central bank.
Countries designate a particular bank as their central bank. It, in turn, plays various crucial roles. One such role is to be the repository of the physical gold owned by the government. In case of India, the Reserve Bank of India plays the role of the central bank.
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