Advertisements
Advertisements
Question
RBI is ______.
Options
Commercial Bank
Central Bank
Specialised Bank
None of these
Advertisements
Solution
RBI is Central Bank.
Explanation:
- The central bank of a country serves as the leader of the banking system and the money market.
- The Reserve Bank of India is the central bank of our country. It acts as the banker's bank.
APPEARS IN
RELATED QUESTIONS
Write Short Note on the following:
Types of banks
State with Reasons whether the following statement is TRUE or FALSE:
Central bank (RBI) connot accept deposit from the public.
State with Reasons whether the following statement is TRUE or FALSE.
Overdraft facility is given to saving account holders.
Public Banks are the banks which are ______.
The ______ of a country serves as the leader of the banking system and the money market.
Central bank is owned by the ____ while commercial bank is owned by ______.
What is meant by an overdraft facility given by a commercial bank?
What are the important functions of Central Bank? Which of these functions are more important in a country like India?
The ______ of a country serves as the leader of the banking system and the money market.
Small Finance Banks are mainly designed to serve ______.
