The central bank of India is
AReserve Bank of India (RBI), established 1935
BBank of India
CICICI Bank
DState Bank of India
Answer & Solution
Correct answer: A. Reserve Bank of India (RBI), established 1935
RBI is the central bank — established 1935 — issuing currency and acting as the banker to government and to the banking system.
Keep practising Unit 1A: Basic Economic Concepts and Production Systems
Browse all Unit 1A: Basic Economic Concepts and Production Systems questions for Maharashtra SSC (Class 10), or explore more Economics topics.
Related questions
A bank's balance sheet identity isWhich is a QUALITATIVE tool of monetary policy used by the RBI?In the fictional balance sheet of the chapter, if CRR = 20% and initial reserves with the Open Market Operations (OMO) by the RBI refers toIn the chapter's M₁ definition, M₁ equalsThe money multiplier in a single-bank fictional economy with cash reserve ratio CRR isCRR stands forWhich is NOT a function of money in a modern economy?