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Examveda

What is the full form of "RBI"?

A. Reserved Bank of India

B. Reserve Bank of India

C. Revised Industrial Base Points

D. Regional Bank of for Investment

Answer: Option B

Solution(By Examveda Team)

The Reserve Bank of India (RBI) is India's central bank and regulatory body under the jurisdiction of Ministry of Finance, Government of India. It is responsible for the issue and supply of the Indian rupee and the regulation of the Indian banking system. It also manages the country's main payment systems and works to promote its economic development. Bharatiya Reserve Bank Note Mudran is one of the specialised divisions of RBI through which it mints Indian bank notes and coins.

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