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Which type of bank is called the apex bank of India?

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Question

Which type of bank is called the apex bank of India?

Options

  • Commercial Bank

  • Cooperative Bank

  • Central Bank

  • Development Bank

MCQ
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Solution

Central Bank

Explanation: 

The Central Bank is the apex regulator, and in India, this role is performed by the RBI, which controls and regulates all other banks.

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