alleryThe 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.
Keep practising Economic Development & Banking
Browse all Economic Development & Banking questions for Maharashtra SSC (Class 10), or explore more Social Science topics.
Related questions
A family of five works all year on two hectares where two would do. This is called?Underemployment occurs when people are doing what?More than half of India's workers are in the primary sector. About what share of GVA do thBy about how many times did service sector production rise over the forty years?Why did employment not shift out of agriculture as GVA share did?Why do some people work as small shopkeepers or repair persons?Rising incomes raise demand for which services?How does growth of farming and industry help the service sector?