MyQuestionIcon

4

You visited us 4 times! Enjoying our articles? Unlock Full Access!

Characteristics of Money

Which of the ...

Question

Which of the following bank is not a commercial bank?

A

Allahabad Bank

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

Reserve Bank of India

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

C

State Bank of India

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

Punjab National Bank

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B
Reserve Bank of India

The Reserve Bank of India is not a commercial bank because it is the central bank of India with the authority to issue currency in the country.

Suggest Corrections

thumbs-up

1

Similar questions

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

Q. Fill in the blanks with appropriate alternatives given in the brackets:
In India _____ has the monopoly of note issue.
(Reserve bank of India, Commercial bank, Foreign bank, Co-operative bank)

Q. The rate at which the Reserve Bank of India borrows money from commercial banks is known as

Q. What is the rate of interest at which the Reserve Bank of India borrows money from commercial banks called?

Q. Which of the following refers to the rate of interest at which the commercial banks borrow money from the Reserve Bank of India?

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Characteristics of Money

ECONOMICS

Watch in App

explore_more_icon

Explore more

Characteristics of Money

Standard XII Economics

Join BYJU'S Learning Program

CrossIcon