Question

16. Why the Reserve bank of India is known as “mother of all the Banks ?

Answer 1

Answer:

The RBI controls the flow of currency within the economy that is why it is called "mother of all the Banks" .

Answer 2

Explanation:

the RBI is called mother of all banks as whenever any bank is in problem they approach the central bank for assistannce. it controls the the flow of money in economy it is also known as banker's Bank