Advertisements
Advertisements
Question
The RBI settles claims of other commercial banks by a process of book entries. It helps to stabilize the banking system in the economy. Which function of the Central bank is explained here.
Options
Monopoly of note issue
Government’s bank
Clearing house function
Developmental function
Advertisements
Solution
Clearing house function
APPEARS IN
RELATED QUESTIONS
- In the realm of economic development, how does the role of entrepreneurs impact the overall growth and stability of a nation.
The Central bank is having the authority to regulate the amount of money supply in the economy.
Based on the above explain the following.
- Credit Rationing
- CRR
- Regulation of Margin Requirements
- Bank Rate
The ______ is the central bank of our country which has the authority to print currency notes.
Give two major functions of the central bank of our country.
What is meant by clearing house function of the RBI?
The central bank acts as ______.
Which of the following statements are true?
- The Reserve Bank of India is the central bank of the country.
- All currency notes (except one rupee note) bear the signature of Governor, RBI.
- The objective of the Reserve Bank of India is to earn profit.
Read the following statements - Assertion (A) and Reason (R). Choose one of the correct alternatives given below:
Assertion (A): Central Bank acts as a banker to the Government.
Reason (R): Except the one rupee note, all other currency notes bear the signature of Governor of RBI.
Give two reasons why the central banks enjoy monopoly of note issue.
Explain the following function of the central bank of a country.
Developmental functions.
