Multiple choice general knowledge

Which bank is called the banker of banks in India?

  1. SBI

  2. Canara Bank

  3. RBI

  4. UCO

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The Reserve Bank of India (RBI) is called the 'banker's bank' because it serves as the bank for all commercial banks in India. It regulates the banking system, acts as lender of last resort, and manages their reserves. SBI, Canara Bank, and UCO are commercial banks.