What is the Reserve Bank Of India?

6. What is the Reserve Bank Of India?

  1. The central bank and regulatory body and is responsible for the issue and supply of the Indian rupee
  2. Banks are owned by either individual or general partners with a limited partner
  3. A financial institution that accepts deposits
  4. Type of international bank that is required to obey both the home and host country's legislation

Answer: A) The central bank and regulatory body and is responsible for the issue and supply of the Indian rupee

Explanation:

The Reserve Bank of India will be India's national bank and administrative body and is answerable for the issue and supply of the Indian rupee and the guideline of the Indian financial framework. It likewise deals with the country's primary instalment frameworks and attempts to advance its financial turn of events.

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