16.Number of Central Bank in a country is *
Answers
Explanation:
List of Central Banks And Their Countries. Let's have a look at the central banks and their countries. The table below enlists 76 important central banks of different countries. Candidates can download the full list of 200+ central banks and their countries PDF given at the bottom of the article.
Answer:
The number of central banks in a country is typically one.
Explanation:
The number of central banks in a country is typically one. A central bank is a financial institution that is responsible for regulating a country's monetary policy, issuing currency, and controlling the money supply.
There is only one central bank in India, and it is called the Reserve Bank of India (RBI). It oversees the banking sector, manages foreign exchange reserves, and regulates monetary policy as the top monetary authority in the nation. The Reserve Bank of India Act, 1934, which governs how the RBI is run, was passed in 1935.
The central government appoints the governor and board of directors for the RBI. Four deputy governors and other members selected by the government make up the board. Although it is responsible to the government for its acts, the central bank is autonomous in how it operates.
Since the RBI is the only body in charge of monetary policy and banking regulation, there are no other central banks in India. Moreover, there are other additional financial regulatory organisations in India that manage various financial sector divisions, including the Securities and Exchange Board of India (SEBI) and the Insurance Regulatory and Development Authority (IRDAI).
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