Multiple choice

Which of the following banks is the government banker of India?

  1. Reserve Bank of India

  2. Central Bank of India

  3. State Bank of India

  4. State Bank of Patiala

  5. Indian Overseas Bank
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A Correct answer
Explanation

This is the correct answer. The central bank of a country supervises controls and regulates the activities of all commercial banks of that country. It also acts as the government banker. It controls the credit and currency policies of the country. Reserve Bank of India is the Central Bank of India.

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