Discussion
Which of the following institution is also known as the banker to all the banks in India?
Answer: A
The Reserve Bank of India is known as the banker to all banks, because commercial banks keep their reserves with it and borrow from it as a last resort. The SBI is the largest commercial bank but does not hold the other banks' reserves, the Ministry of Finance is a government department, and the Central Bank of India is only a commercial bank. So the RBI is the answer.
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