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Question

Which position does the RBI hold in our country?

A
Bank of India
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B
NABARD
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C
Central Bank
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D
Ministry of Finance
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Solution

The correct option is C Central Bank
There is only one central bank in a country and for India it is Reserve Bank of India (RBI). The RBI also sets up rules and regulations for each bank, which helps in keeping a check on the activities of all banks.

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