The ____is called the apex bank of India

see full answer

Start JEE / NEET / Foundation preparation at rupees 99/day !!

21% of IItians & 23% of AIIMS delhi doctors are from Sri Chaitanya institute !!

An Intiative by Sri Chaitanya

(Unlock A.I Detailed Solution for FREE)

Ready to Test Your Skills?

Check your Performance Today with our Free Mock Test used by Toppers!

Take Free Test

Detailed Solution

The Reserve Bank of India (RBI) is called the apex bank of India as it regulates the financial sector's activities, composed of banks, non-banking financial companies, and other financial institutions. Other important points of RBI are:

It started its operations on April 1, 1935.

RBI's objective is to maintain price stability and ensure public confidence in the Indian economy.

The RBI also issues currency on behalf of the government. However, coins are minted by the government itself.

RBI also controls and supervises the banking activity across India.

Watch 3-min video & get full concept clarity

hear from our champions

Result Producing online coaching for JEE/NEET of south India

Largest All India Test Series for JEE/NEET

Best Books for IIT JEE

Best Books for NEET

🔥 Start Your JEE/NEET Prep at Just ₹1999 / month - Limited Offer! Check Now!

Get Expert Academic Guidance – Connect with a Counselor Today!

Result Producing online coaching for JEE/NEET of south India

Largest All India Test Series for JEE/NEET

Best Books for IIT JEE

Best Books for NEET