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Answer : 4. "Reserve Bank of India"
Which bank is called the bank of banks in India?
5Q:
Which bank is called the bank of banks in India?
- 1State Bank of Indiafalse
- 2Bank of Indiafalse
- 3Central Bank of Indiafalse
- 4Reserve Bank of Indiatrue
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Answer : 4. "Reserve Bank of India"
Explanation :
The Government Banking Division of the Reserve Bank of India and the network of branches of agency banks appointed under Section 45 of the Reserve Bank of India Act deal with government transactions.