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Question
Which position does the RBI hold in our country?
Which position does the RBI hold in our country?
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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.
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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