BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is the Central Bank of the country?
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RBI
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SBI
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RRB
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NABARD
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Explanation:
Detailed explanation-1: -The Reserve Bank of India is the central bank of the country.
Detailed explanation-2: -The Indian government founded funds to promote the economy and used the slogan “Developing Banking". The government of India restructured the national bank market and nationalised a lot of institutes. As a result, the RBI had to play the central part in controlling and supporting this public banking sector.
Detailed explanation-3: -Though originally privately owned, since nationalisation in 1949, the Reserve Bank is fully owned by the Government of India.
Detailed explanation-4: -RBI (Reserve Bank of India) is the Central Bank of the country.
There is 1 question to complete.