Multiple choice

The central bank of India is

  1. Indian Overseas Bank

  2. Reserve Bank of India

  3. Central Bank

  4. State Bank of India
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Reserve Bank of India (RBI) is India's central bank since 1935. It controls monetary policy, issues currency, regulates banks, and manages forex reserves. Indian Overseas Bank and Central Bank are commercial banks. SBI is the largest commercial bank but not the central bank. Only RBI has central bank powers.

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