Question

In which of the following banks, a person cannot open his account?

• A. Bank of India
• B. Urban Co-operative Bank
• C. Reserve Bank of India
• D. None of the above

Answer 1

Answer:

C. Reserve Bank of India

• A person cannot open an account in : Central Bank of India ( Reserve Bank of India -RBI )

• The Reserve Bank of India ( RBI ) is the central bank of India and does not offer personal or commercial banking services to individuals. Its primary functions include:

1. Monetary policy regulation

2. Currency management

3. Banker to the government

4. Regulator and supervisor of commercial banks