Reserve Bank of India became the first central bank in the world to have more than one million followers on ______ in November 2020.

Twitter

The correct answer is Option (4) - Twitter

The Reserve Bank of India (RBI) achieved a significant milestone in November 2020 by becoming the first central bank globally to amass more than one million followers on Twitter. This milestone underscores the growing importance of social media platforms in disseminating information and engaging with stakeholders, including the general public, policymakers, economists, and financial institutions.

RBI's presence on Twitter serves multiple purposes. Firstly, it facilitates the dissemination of important announcements, policy updates, and regulatory guidelines issued by the central bank. This ensures timely and transparent communication with various stakeholders, including banks, financial institutions, businesses, and the general public.

Secondly, RBI utilizes its Twitter account to educate and raise awareness about financial literacy, banking services, and economic developments. By sharing informative content, infographics, and educational materials, the central bank aims to empower individuals with knowledge about banking practices, digital payments, and economic policies.

Moreover, RBI's Twitter account serves as a platform for engaging with the public, addressing queries, and providing clarifications on banking and financial matters. It fosters two-way communication, allowing individuals to interact with the central bank and seek assistance or information as needed.

Overall, RBI's achievement of surpassing one million followers on Twitter highlights its commitment to leveraging digital platforms for effective communication, outreach, and engagement. It exemplifies the evolving role of central banks in embracing technology and social media to fulfill their mandates and serve the interests of society.