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Question

The government owns the public sector commercial banks, and they operate under the regulation of the .

A
Commercial banks
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B
SBI
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C
RBI
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D
Nationalised banks
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Solution

The correct option is C RBI
Commercial banks are financial institutions that provide various services to their customers, such as accepting deposits and providing loans, and earn a profit from the services they provide.

Some examples include State Bank of India, Central Bank of India, Bank of India, Punjab National Bank, and various regional rural banks.

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