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प्रश्न
The central bank settles the claims of commercial banks is called ______.
विकल्प
Banking facility
Ledger facility
Clearing House facility
Accounts facility
उत्तर
The central bank settles the claims of commercial banks is called Clearing House facility.
Explanation:
The Clearing House Facility is a mechanism set up by the Central Bank to oversee the settlement of transactions among Commercial Banks. This facility ensures the accurate clearing of balances by reconciling interbank transfers. It is crucial for maintaining the efficiency of the banking system by simplifying the process of clearing cheques and facilitating interbank payments.
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संबंधित प्रश्न
Why is central bank called as a ‘lender of last resort’ for a commercial bank?
What is the bank rate?
Bank rate is for ______
One of the functions of the Central Bank among the following is ______
______ is the rate at which the central bank borrows from the commercial banks.
Which of the following are the functions of central bank?
Identify the correctly matched pair of items in column A to that of Column B:
| column A | column B |
| 1. Function of a Central bank | (a) Lending money to public |
| 2. Function of Government | (b) Issuing currency notes |
| 3. Function of a Central bank | (c) Control of credit |
| 4. Function of Government | (d) Creation of credit |
Describe any two functions of the Central Bank.
List any two functions of the central bank.
Which of the following is/are the function(s) of central bank?
