ECONOMICS
MONEY
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
SBI
|
|
|
RBI
|
|
|
PNB
|
|
|
None of the above
|
Detailed explanation-1: -The Reserve Bank of India is the central bank of the country.
Detailed explanation-2: -Despite its name, it is not the central bank of India; The Indian central bank is the Reserve Bank of India.
Detailed explanation-3: -Reserve Bank of India (RBI) is India’s central bank. It controls the monetary policy concerning the national currency, the Indian rupee. The basic functions of the RBI are the issuance of currency, to sustain monetary stability in India, to operate the currency, and maintain the country’s credit system.
Detailed explanation-4: -A country has only one central bank, and in India we call it the Reserve Bank of India or RBI.
Detailed explanation-5: -What Is a Central Bank? Federal Reserve System. European Central Bank. Bank of England. Bank of Japan. Swiss National Bank. Bank of Canada. Reserve Bank of Australia. More items