Banking and Financial Institutions

1:

Which of the following statement is true

A.
The currency notes issued by RBI are legal tender throughout the world.
B.
The treasury bills are sold by the RBI for raising its working capital.
C.
All commercial banks, including those owned by government, do not need a licence from the RBI to do banking business.
D.
The RBI is a banker to both central and state governments
 

Answer : D

Explanation :

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Option: A

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