Discussion
The central banking functions in India are performed by the I=Central Bank of India II=Reserve Bank of India III=State Bank of India IV=Punjab National Bank
Answer: B
Central banking functions are performed by the Reserve Bank of India alone.
The RBI issues currency, acts as banker to the government and to the banks, manages foreign exchange and controls credit. The Central Bank of India, the State Bank of India and Punjab National Bank are all commercial banks despite their names.
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