Question

The Reserve Bank of India is known as the..................................................

• A. Bank of India
• B. Controller of Banks
• C. Bank of Banks
• D. National Bank of India

Answer 1

Answer:

C. Bank of Banks

Reserve Bank of India

• Central Bank of India.

• Known as the Bank of Banks.

• Controller of Loans.

• In charge of monetary policy in India.

• India is represented in the International Monetary Fund.

• Reserve Bank of India Act was passed in 1934

• Year Reserve Bank of India was established -1935 April 1st