2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Central Bank of Sri Lanka
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Bangladesh Bank
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People’s Bank of China
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Reserve Bank of India
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Detailed explanation-1: -In 1668, the Riksdag, Sweden’s parliament, decided to found Riksens Ständers Bank (the Estates of the Realm Bank), which in 1867 received the name Sveriges Riksbank. The Riksbank is thus the world’s oldest central bank.
Detailed explanation-2: -Due to Covid-19 outbreaks in Q1 2022, the PBOC was forced to maintain its rate-cut policy throughout 2022. It reduced the LPR twice, in January and August, bringing China’s interest rate down to 3.65% by August. The LPR remained unchanged at 3.65% as of 24 November. In April 2022, the PBOC made a third RRR cut to 8.1%.
Detailed explanation-3: -The correct answer is the Reserve Bank of India. Reserve Bank of India: The Reserve Bank of India was established on 1st April 1935. It is the central bank of India that controls all the banks in the country.