Static GK - Organizations & Headquarters
Which institution is known as the 'Bankers' Bank' in India?
Which institution is known as the 'Bankers' Bank' in India?
easy Q1 of 15
Step-by-Step Solution
Step 1: Understand the concept
The question asks which institution acts as the central bank providing services to other banks.Step 2: Apply the concept
The Reserve Bank of India is called the 'Bankers' Bank' because it regulates and provides banking services to commercial banks.Final Answer:
Reserve Bank of India → Option BQuick Check:
Bankers' Bank in India = Reserve Bank of India ✅
Quick Trick: Central bank = Bankers' Bank.
Common Mistakes:
MISTAKES- Confusing SBI as Bankers' Bank instead of RBI.
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