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Question
In India __________ constitutes the apex of the monetary and banking structure of the country.
In India __________ constitutes the apex of the monetary and banking structure of the country.
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Solution
The correct option is B RBI
Reserve Bank of
India(RBI) is the apex of the monetary and banking structure of the country
that regulates and controls the entire banking system of India. Reserve Bank of
India(RBI) is the sole agency of issuing notes and controls the supply of money
in the economy. It serves as the banker of the government and other banks and
manages foreign exchange of the government. Reserve Bank of India(RBI) is the
central bank of India.
Reserve Bank of India(RBI) is the apex of the monetary and banking structure of the country that regulates and controls the entire banking system of India. Reserve Bank of India(RBI) is the sole agency of issuing notes and controls the supply of money in the economy. It serves as the banker of the government and other banks and manages foreign exchange of the government. Reserve Bank of India(RBI) is the central bank of India.
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