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Byju's Answer
Standard X
Economics
Banker's Bank
The Reserve B...
Question
The Reserve Bank of India plays the role of an advisor and controls all other banks in India.
A
False
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B
True
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Solution
The correct option is
B
True
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Similar questions
Q.
The Reserve Bank of India is recognised as the
apex bank
in India and its other neighbouring countries.
Q.
Identify the role of the Reserve Bank of India.
Q.
Reserve Bank of India controls the activities of some of the following banks in India :
i) Commercial Banks
ii) Cooperative Banks
iii) Foreign Bank
iv) Rural Banks
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Explain the role of the Reserve Bank of India as the "lender of last resort".
Q.
How does the Reserve Bank of India control inflation?
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