Home › UP Board Class 12 › Economics › Money and Banking › The bank that controls the money supply and acts…
The bank that controls the money supply and acts as the banker to the government in India is the:
AReserve Bank of India (central bank)
Ba cooperative bank
CState Bank of India
Da commercial bank
Answer & Solution
Correct answer: A. Reserve Bank of India (central bank)
The RBI is India's central bank and banker to the government.
Related questions
A bank turns deposits into loans instead of merely storing them. In doing so it acts as anThe central bank of the United States, which regulates banks and runs monetary policy, is Across a whole banking system, the amount of money that can be created is worked out with When banks hold only the minimum reserves required, or barely more, the situation is calleIn a mortgaged house, the home itself is the asset, while the mortgage is the:Subtracting what is owed from the value of the assets gives the:On that layout, liabilities are shown on the right and assets on the:Because of its two-column shape, that statement is often nicknamed a: