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Question
Which among the following is the central bank of India ?
Which among the following is the central bank of India ?
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Solution
The correct option is B Reserve Bank of India
Reserve Bank of India is an apex bank that
controls the entire banking system of India. It is the sole agency of issuing currency in the country and controls the supply of money in the economy. It serves as the
banker of the government and manages foreign exchange of the government.
Reserve Bank of India is an apex bank that controls the entire banking system of India. It is the sole agency of issuing currency in the country and controls the supply of money in the economy. It serves as the banker of the government and manages foreign exchange of the government.
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