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Question
The Reserve Bank of India acts as a:
The Reserve Bank of India acts as a:
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Solution
The correct option is D Banker's bank
The Reserve Bank of India plays a vital role in framing the development strategy of the Indian economy. It acts as a monopoly of note issue, banker to the Government, banker to banks, national clearing house, controller of credit, custodian of foreign exchange reserves, and promotor of banking habits.
The Reserve Bank of India plays a vital role in framing the development strategy of the Indian economy. It acts as a monopoly of note issue, banker to the Government, banker to banks, national clearing house, controller of credit, custodian of foreign exchange reserves, and promotor of banking habits.
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