BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Citi Bank
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Bank of America
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Federal Reserve
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Central Bank of USA
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Detailed explanation-1: -The Federal Reserve, commonly referred to as the Fed, is the central bank of the United States. It is probably the most influential central bank in the world.
Detailed explanation-2: -The Federal Reserve, the central bank of the United States, provides the nation with a safe, flexible, and stable monetary and financial system.
Detailed explanation-3: -The Reserve Bank of India (RBI) is the apex monetary Institution which controls Indian Rupee, monetary policy, and the banking system in India. The central bank was first established in the year 1935 under the Reserve Bank of India Act, 1934. After India’s independence, the RBI was nationalized on 1 January 1949.
Detailed explanation-4: -Central bank is an apex body that controls, operates, regulates and directs the entire banking and monetary structure of the country.