Advertisements
Advertisements
प्रश्न
The ______ function of the Central bank involves the settling claims of Commercial banks through a process of book entries.
पर्याय
The monopoly of note issue
Government’s bank
Clearing house
Developmental
Advertisements
उत्तर
The Clearing house function of the Central bank involves settling claims of Commercial banks through a process of book entries.
Explanation:
For Commercial banks, the Central Bank serves as 'The-Clearing-House.' This means it settles commercial banks' mutual claims through a book-entry process.
APPEARS IN
संबंधित प्रश्न
Any ‘five types’ of banks.
State with Reasons whether the following statement TRUE or FALSE.
Current account is suitable for salaried people.
Explain the types of banks?
Choose the Correct Answer.
Which bank is not an Industrial Bank?
What do you mean by Industrial Banks?
Explain the various types of banks based on organization with examples.
Central bank is owned by the ____ while commercial bank is owned by ______.
Name the largest commercial bank of India.
Name one development bank.
______ are of several types, e.g., commercial, central, industrial, merchant, exchange, agricultural, cooperative, postal and indigenous.
