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Question

Which bank is in charge of India’s banking and monetary system?

A State Bank of India Correct Answer Incorrect Answer
B Axis Bank Correct Answer Incorrect Answer
C World Bank Correct Answer Incorrect Answer
D Reserve bank of India Correct Answer Incorrect Answer
E IBRD Correct Answer Incorrect Answer

Solution

The central bank is empowered to regulate the banking and monetary systems. In India, the central bank is referred to as the Reserve Bank of India.

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