Banking and Financial Institutions - Banking and Financial Institutions Section 1
24. 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 the government, do not need a license from the RBI to do banking business.
- D
The RBI is a banker to both central and state governments
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