Advertisements
Advertisements
Question
It acts as the bankers' bank.
Options
Commercial Bank
Central Bank
Specialised Bank
None of these
Advertisements
Solution
Central Bank
Explanation:
- The Reserve Bank of India is our country's central bank and the bankers' bank.
- It carries out the country's monetary policy because it occupies a central position in the country's banking system.
RELATED QUESTIONS
Any ‘five types’ of banks.
Reserve Bank of India cannot accept deposits from public.
Select the proper option from the options given below and rewrite the sentences:
In E-business, payments have to be made ______
Explain the types of banks?
Explain the different types of banks.
Choose the Correct Answer.
Foreign banks are begun their operation since ______
The ______ function of the Central bank involves the settling claims of Commercial banks through a process of book entries.
What is a Central Bank?
RBI is ______.
Central bank is owned by the ____ while commercial bank is owned by ______.
What is meant by an overdraft facility given by a commercial bank?
Distinguish between saving account and current account.
What is a commercial bank?
Explain main functions of commercial bank.
What are the important functions of Central bank? Which of these functions are more important in a country like India?
Describe the advantages of opening a bank account.
What is a Banker’s Cheque?
The ______ of a country serves as the leader of the banking system and the money market.
Why was EXIM Bank set up in India?
