GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The central banking functions in India are performed by the
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Central Bank of India
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Reserve Bank of India
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State Bank of India
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Punjab National Bank
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Explanation:
Detailed explanation-1: -The Reserve Bank of India (RBI) is India’s central banking institution, which controls the issuance and supply of the Indian rupee. Was this answer helpful?
Detailed explanation-2: -Key functions of RBI are, banker’s bank, the custodian of foreign reserve, controller of credit and to manage printing and supply of currency notes in the country. Reserve Bank of India (RBI) is the central bank of the country. RBI is a statutory body.
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