The correct answer is A. RBI.
The Reserve Bank of India (RBI) is the central bank of India. It was established on April 1, 1935, in accordance with the Reserve Bank of India Act, 1934. The RBI is the sole issuer of banknotes in India and is responsible for maintaining price stability and regulating the country’s monetary and financial system.
The RBI is governed by a central board of directors, which is headed by the Governor of the RBI. The Governor is appointed by the President of India on the recommendation of the Union Finance Minister. The RBI has its headquarters in Mumbai, and has branches in all major cities of India.
The RBI is a statutory body, and its powers and functions are defined in the Reserve Bank of India Act, 1934. The RBI’s main functions are:
- To issue banknotes
- To maintain price stability
- To regulate the country’s monetary and financial system
- To act as the banker to the Government of India
- To act as the banker’s bank
- To promote the development of the financial system
- To regulate the payment and settlement systems
- To conduct monetary policy
- To supervise and regulate banks and financial institutions
- To collect and disseminate economic and financial information
The RBI is a powerful institution, and its decisions have a significant impact on the Indian economy. The RBI is also a very important part of the Indian financial system, and its role is essential for the smooth functioning of the economy.
The other options are incorrect because they are not central banks. SBI is a state-owned commercial bank, IDBI is a development bank, and ICICI is a private sector commercial bank.