CUET EconomicsMacro > EasyPunjab National BankState Bank of IndiaBank of IndiaReserve Bank of India✅ Correct Option: 4Related questions:30 May Shift 2When the Reserve Bank of India was established?3 June Shift 2The Central Bank is a very important institution in the modern economy. What are the main characteristics of the Reserve Bank of India? (A) India got its central bank in 1935. (B) It is the custodian of the foreign exchange reserves of the economy. (C) It controls the money supply of the country through various methods, like bank rate, open market operations etc. (D) It also acts as a bank for the banking system. Choose the correct answer from the options given below:27 May Shift 2When did the Government of India take a decision to demonetize the currency notes of Rs500 and Rs1000?