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Show the importance of "banker's clearing house" in modern banking. - Commercial Applications

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प्रश्न

show the importance of "banker's clearing house" in modern banking.

संक्षेप में उत्तर

उत्तर

  1. Efficiency: Speeds up the processing and settlement of cheques and other payment instruments.
  2. Accuracy: By settling net balances swiftly, banks can better manage their liquidity.
  3. Trust and reliability: Transparent and trustworthy transactions help to build trust in the banking system.
  4. Dispute Resolution: Provides a system for settling payment anomalies and disputes among banks.
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Central Bank: Functions
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 7: Banking and Bank Transactions - EXERCISES [पृष्ठ १२६]

APPEARS IN

गोयल ब्रदर्स प्रकाशन Commercial Applications [English] Class 10 ICSE
अध्याय 7 Banking and Bank Transactions
EXERCISES | Q 18. (a) ii. | पृष्ठ १२६

संबंधित प्रश्न

Bank having power of note issue in India is ______.


______ is the rate at which the central bank borrows from the commercial banks.


______ acts as a banker, advisor and agent to the Central and State Governments.


Which of the following are the functions of central bank?


Read the below case and answer the question that follow:

In a 40 minute long speech Prime Minister Narendra Modi announced the demonetisation of existing notes of ₹ 500 and ₹ 1,000 during a televised address on Tuesday evening.
Modi announced that the notes of ₹ 500 and ₹ 1,000 "will not be legal tender from midnight tonight" and these will be "just worthless pieces of paper. PM also urged people to 'join this mahayojna against the ills of corruption.

- "What is demonetisation and why was it done?"
The Economic Times, Nov 09, 2016

Under whose purview does the issue of new currency fall in?


Read the below case and answer the question that follow:

In a 40 minute long speech Prime Minister Narendra Modi announced the demonetisation of existing notes of ₹ 500 and ₹ 1,000 during a televised address on Tuesday evening.
Modi announced that the notes of ₹ 500 and ₹ 1,000 "will not be legal tender from midnight tonight" and these will be "just worthless pieces of paper. PM also urged people to 'join this mahayojna against the ills of corruption.

- "What is demonetisation and why was it done?"
The Economic Times, Nov 09, 2016

______ is issued by the government of India.


Which of the following statements is true?


Describe any two functions of the Central Bank.


The central bank settles the claims of commercial banks is called ______.


Which of the following is/are the function(s) of central bank?


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