Question : The central bank of India is ___________.
Option 1: Reserve Bank of India (RBI)
Option 2: State Bank of India (SBI)
Option 3: Punjab National Bank (PNB)
Option 4: ICICI Bank
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Answer (1)
25th Jan, 2024
Correct Answer: Reserve Bank of India (RBI)
Solution : The correct answer is (a) Reserve Bank of India (RBI).
The Reserve Bank of India is the central banking institution in India, responsible for the regulation and control of the country's monetary and banking system. It is the apex financial authority in India and plays a crucial role in formulating and implementing monetary policies, managing foreign exchange reserves, overseeing the banking sector, and maintaining financial stability in the country.
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