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प्रश्न
Briefly explain about Correspondent Banks?
उत्तर
A bank in a country can appoint another bank in a foreign country to act as a correspondent bank.
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संबंधित प्रश्न
Reserve Bank of India cannot accept deposits from public.
State with Reasons whether the following statement is TRUE or FALSE.
Overdraft facility is given to saving account holders.
State with Reasons whether the following statement TRUE or FALSE.
Current account is suitable for salaried people.
Assertion: Central banks control credit.
Reasoning: Commercial banks issue bank drafts.
The central bank of a country serves as the leader of the banking system and the moneymarket.
"A central bank is a bankers' bank." Explain.
"The central bank is the lender of the last resort." Explain.
Distinguish between saving account and current account.
What is a commercial bank?
How do exchange banks help in financing foreign trade?
