Question

Who is the custodian of National reserve ?

(a) Commercial Bank

(b) Central Bank

(c) Head Bank

(d) International Bank​

Answer 1

Answer:

The RBI acts as the custodian of the country's foreign exchange reserves, manages exchange control and acts as the agent of the government in respect of India's membership of the IMF. Exchange control was first imposed in India in September 1939 at the outbreak of World War II and has been continued since.