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Question
The Reserve Bank of India safeguards the money that belongs to the government by accepting it as
The Reserve Bank of India safeguards the money that belongs to the government by accepting it as
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Solution
The correct option is B deposits
The Reserve Bank of India acts as the government's banker for both the central government and the respective state governments of India. It protects the government's money by accepting it as deposits. The RBI is also responsible for receiving and paying money on behalf of various government departments for various transactions.
The Reserve Bank of India acts as the government's banker for both the central government and the respective state governments of India. It protects the government's money by accepting it as deposits. The RBI is also responsible for receiving and paying money on behalf of various government departments for various transactions.
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