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प्रश्न
Briefly explain about Central Bank.
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उत्तर
Every nation has one central bank. It is owned by the Government of the country. The control over the entire banking system of a country is vested with this apex bank. Central banks are known by different names in different countries. In India, the Reserve Bank of India (RBI) is the central bank.
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संबंधित प्रश्न
The RBI was nationalised in the year 1935.
There is no difference between the Central bank and a commercial bank.
Explain the role of the Reserve Bank of India as the “lender of last resort”.
Fill in the blank using proper alternative given in the bracket:
......................... is the apex body of the monetary and banking system of the nation’s economy.
Give reason or explain the following.
Cash reserve ratio (CRR) affects the lending capacity of banks.
Fill in the blanks using proper alternatives given in the bracket
____________ bank has the monopoly of note issue.
State whether the following statement is True or False with reason:
Central Bank works for profit.
Fill in the blanks with appropriate alternatives given in the bracket.
To increase credit creation Central Bank __________ the debentures.
Choose the Correct Answer.
Which of the following is not a function of a central bank?
The Reserve Bank of India began its operations on ______.
