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SSC CPO 2024 PYQ — Question 70

SSC CPO - 28 June 2024 - Shift 1 • General Awareness • Q70

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Which of the following banks is in charge of India’s banking and monetary system?

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Correct answer: A

Explanation

The correct answer is option 1 i.e. RBI.

  • The bank in charge of India's banking and monetary system is the Reserve Bank of India (RBI). The RBI is the central bank of India and is responsible for regulating the country's monetary policy, managing currency, and overseeing the financial system.
  • The RBI plays a crucial role in maintaining economic stability, promoting growth, and ensuring the smooth functioning of the banking system in India.