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प्रश्न
Assertion (A): Central bank as a banker to the government, works as a custodian of foreign exchange reserves.
Reason (R): The Central bank acts as a Clearing house for the transfer and settlement of mutual claims of commercial banks.
विकल्प
Both A and R are true and R is the correct explanation of A.
Both A and R are true and R is not the correct explanation of A.
A is true but R is false.
A is false but R is true.
उत्तर
Both A and R are true and R is not the correct explanation of A.
APPEARS IN
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.
______ is the main function of central bank.
Which of the following is not a function of a commercial bank?
Identify the function of RBI as indicated by the following image.
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.
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?
The Central Bank is the apex monetary institution of the country. Explain its role of a Banker of the Government.
Name the institution that enjoys the monopoly of note issue in India.
