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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Royal Monetary Authority of Bhutan
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Reserve Bank of India
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People’s Bank of China
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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: -Established in 1911, Central Bank of India was the first Indian commercial bank which was wholly owned and managed by Indians. The establishment of the Bank was the ultimate realisation of the dream of Sir Sorabji Pochkhanawala, founder of the Bank.
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.
Detailed explanation-4: -The Reserve Bank of India (RBI) is the central bank of India.