Here's the question bank on all the banking & financial services topics.
The Reserve Bank of India (RBI) acts as a bankers bank. This would imply which of the following ?1. Other banks retain their deposits with RBI2. The RBI lends funds to the commercial banks in times of need3. The RBI advises commercial banks on monetary mattersSelect the correct answer using the code given below :
The correct answer is 1, 2 and 3. Reserve Bank of India is the Central Bank of India. It is also called a bankers bank. It is responsible for issuing Indian currency and managing its flow in the market. The commercial banks of the country have to retain some amount of deposit with the Reserve Bank of India which will be lent to them at the time of emergency. If the commercial banks run short of money then RBI lends it in the form of a loan. RBI also advises banks on money matters so that they function properly and maintains a good base in the market.
Scan QR code to download our App for
more exam-oriented questions
.png)
OR
To get link to download app