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.

Q: 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.

Concept The Reserve Bank of India (RBI) is India’s central bank and monetary authority. Final Answer Reserve Bank of India

Difficulty: Easy

Reserve Bank of India
Central Bank of India (a commercial bank)
State Bank of India
Punjab National Bank

Correct Answer: Reserve Bank of India

Explanation:

Concept

The Reserve Bank of India (RBI) is India’s central bank and monetary authority.

Final Answer
Reserve Bank of India

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