Identify which of the following bank does not interact directly with the general public?
(Choose the correct alternative)
a) Bank of India
b) State Bank of India
c) Central Bank of India
d) Reserve Bank of India
(Choose the correct alternative)
a) Bank of India
b) State Bank of India
c) Central Bank of India
d) Reserve Bank of India
Answers & Comments
Verified answer
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The bank that does not interact directly with the general public is:
d) Reserve Bank of India
The Reserve Bank of India (RBI) is the central bank of India and primarily interacts with other banks and financial institutions, not with the general public. It formulates and regulates monetary policy and oversees the financial system in India. Banks like Bank of India, State Bank of India, and Central Bank of India have direct interactions with the general public for various banking services.
Answer:
The bank that does not interact directly with the general public is:
d) Reserve Bank of India
The Reserve Bank of India (RBI) is the central bank of India and primarily interacts with other banks and financial institutions, not with the general public. It formulates and regulates monetary policy and oversees the financial system in India. Banks like Bank of India, State Bank of India, and Central Bank of India have direct interactions with the general public for various banking services.
Explanation: