Question
Download Solution PDF________ is the central bank of India.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is Reserve Bank of India.Key Points
- The Reserve Bank of India (RBI) is the central bank of India, established in 1935 under the Reserve Bank of India Act.
- It is responsible for regulating the monetary policy in India, issuing currency notes, managing the foreign exchange reserves, and supervising the banking system.
- The RBI is headed by a governor and has four deputy governors who are appointed by the central government.
- The bank also plays a crucial role in promoting financial inclusion and economic growth in the country.
Additional Information
- Bank of India and State Bank of India are both public sector banks in India, but they are not the central bank.
- Securities and Exchange Board of India is the regulator of the securities market in India and is not related to banking or monetary policy.
Last updated on Jul 8, 2025
-> The Staff Selection Commission released the SSC GD 2025 Answer Key on 26th June 2025 on the official website.
-> The SSC GD Notification 2026 will be released in October 2025 and the exam will be scheduled in the month of January and February 2026.
-> Now the total number of vacancy is 53,690. Previously, SSC GD 2025 Notification was released for 39481 Vacancies.
-> The selection process includes CBT, PET/PST, Medical Examination, and Document Verification.
-> The candidates who will be appearing for the 2026 cycle in the exam must attempt the SSC GD Constable Previous Year Papers. Also, attempt SSC GD Constable Mock Tests.