Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

General Knowledge

Topic

Economics

Question:

Which of the following is also known as "Bank of Issue" in India?

Options:

State Bank of India

Reserve Bank of India

Co-operative banks

Private banks

Correct Answer:

Reserve Bank of India

Explanation:

Bank of issue refers to the bank which has the legal right to issue currency. In India, the central bank that is RBI has the right to issue currency.