Question

Which of these is the apex bank of the Indian Banking System?

Options

• State Bank of India

• Central Bank of India

• Reserve Bank of India

• Canara Bank

Answer 1

Reserve Bank of India

Explanation:

The Reserve Bank of India is the country's central bank. It regulates the country's money supply and credit, as well as the country's monetary policy and banking system. It is responsible for the economy's well-being and has the sole authority to issue money.