Multiple choice

Who is the custodian of monetary reserves in India?

  1. SBI

  2. SIDBI

  3. NABARD

  4. RBI
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D Correct answer
Explanation

The Reserve Bank of India (RBI) is India's central bank and serves as the custodian of monetary reserves. This is one of the RBI's core functions - managing the country's foreign exchange reserves and monetary stability. SBI is a commercial bank, SIDBI is for small industries, and NABARD is for agriculture and rural development - none of these are custodians of monetary reserves.

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