Discussion
Find out the odd one out of the following
Answer: B
Correct answer: Reserve Bank of India
The Reserve Bank of India is the odd one out because it is the central bank - the note-issuing authority, the banker to the government and to other banks, and the regulator of the banking system. It does not take deposits from or lend to the public.
State Bank of India, Union Bank of India and Central Bank of India are all commercial banks doing ordinary retail and corporate business. Central Bank of India is the trap: despite the name it is a commercial bank, one of the oldest in India, and has never been a central bank.
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