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Which bank supported the demonetization in India?

  1. A
    State Bank of India
  2. B
    Reserve Bank of India
  3. C
    Central Bank of India
  4. D
    Bank of India

Solution & Step-by-step Explanation

The Reserve Bank of India (RBI), as the central banking institution and statutory regulatory authority for currency notes in India, approved and managed the operational implementation of the 2016 demonetization.

Practice this question

Try it yourself before checking the explanation above.

Which bank supported the demonetization in India?
A
State Bank of India
B
Reserve Bank of India
C
Central Bank of India
D
Bank of India

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BankingMonetary PolicyDemonetization

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