Which of the following statement is true

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Examveda

Which of the following statement is true?

A. The currency notes issued by RBI are legal tender throughout the world

B. All commercial banks including those owned by government do not need a licence from the RBI to do banking business

C. The treasury bills are sold by the RBI for raising its working capital

D. The RBI is a banker to both Central and State Government

Answer: Option D

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