Question

Reserve Bank of India is

• A. Commercial bank
• B. Clearing house
• C. Main bank
• D. Central bank of the country

Hint:

The central bank regulates other banks, not the reverse.

Answer 1

The Correct Option is D

Step 1:
The Reserve Bank of India (RBI) is the central banking institution of India, responsible for monetary policy, currency issuance, and regulation of the banking system.
Step 2:
It is not a commercial bank, clearing house, or merely a main bank; its role is centralized governance.
Step 3:
Therefore, the correct option is (D) Central bank of the country.