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Characteristics of Money

Which of the ...

Question

Which of the following bank is not a commercial bank?

A

Allahabad Bank

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B

Reserve Bank of India

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C

State Bank of India

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D

Punjab National Bank

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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.

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