The Central Bank is a very important institution in the modern economy. What are the main characteristics of the Reserve Bank of India?
(A) India got its central bank in 1935.
(B) It is the custodian of the foreign exchange reserves of the economy.
(C) It controls the money supply of the country through various methods, like bank rate, open market operations etc.
(D) It also acts as a bank for the banking system.
Choose the correct answer from the options given below:
Held on 3 Jun 2025 · Verified 13 Jul 2026.
(A), (C) and (D) only
(A), (B) and (D) only
(A), (B), (C) and (D)
(B), (C) and (D) only
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