Central banking in India: Which institution performs the central bank's functions? Identify the monetary authority responsible for currency, monetary policy, and regulation. Choose the correct option.
General Knowledge
Indian Economy
Difficulty: Easy
Choose an option
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AReserve Bank of India
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BCentral Bank of India (a commercial bank)
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CState Bank of India
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DPunjab National Bank
Answer
Correct Answer: Reserve Bank of India
Explanation
Concept
- The Reserve Bank of India (RBI) is India’s central bank and monetary authority.
Final AnswerReserve Bank of India