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प्रश्न
What is meant by clearing house function of the RBI?
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उत्तर
Clearing house function of the RBI means the claims of different commercial banks on one another are settled by the RBI through book entries and only net claims are actually paid or received.
संबंधित प्रश्न
Explain the functions of the RBI with respect to the following:
- Custodian of foreign exchange reserves.
- Monopoly of note issue.
- Clearing house facility.
- Banker and fiscal agent to the government.
- In the realm of economic development, how does the role of entrepreneurs impact the overall growth and stability of a nation.
Explain the 'Clearing House Function' of the central bank.
Which of the following is not a function of a commercial bank?
Read the following statements - Assertion (A) and Reason (R). Choose one of the correct alternatives given below:
Assertion (A): Reserve Bank of India creates credit.
Reason (R): Reserve Bank of India is known as a bank of note issue.
How does the central bank act as a lender as the last resort?
Mention two ways in which the Reserve Bank of India assists the commercial banks.
Who normally keep their deposits in the Central Bank?
Explain the following function of the central bank of a country.
Developmental functions.
Name the institution that enjoys the monopoly of note issue in India.
