Reserve Bank of India MCQ — 1 Practice Questions with Answers

Explanation

The Reserve Bank of India is called the bankers’ bank because commercial banks maintain accounts with it, keep statutory reserves with it, and use it for settlement and liquidity support. Indian Overseas Bank and Punjab National Bank are commercial banks that serve customers and businesses directly. State Bank of India is India’s largest commercial bank, but it is still regulated by the central bank. The Reserve Bank of India performs the central banking role, so it is the correct answer.