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प्रश्न
What is a Central Bank?
उत्तर
The central bank is a country's leading banking organisation. The central bank is responsible for creating and implementing monetary policy, as well as regulating the financial sector.
- The Reserve Bank of India (RBI) is India's central bank. It was formed in 1935 by the Reserve Bank of India Act, 1934.
- Initially privately owned, it was nationalised in 1949 and has since been wholly owned by the Government of India.
- The central bank is solely responsible for currency issuance.
- It also provides banking services to both government and commercial banks.
- It regulates and supervises all other financial institutions in the country. The central bank promotes economic growth and financial stability, ensuring the general health of the economy.
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संबंधित प्रश्न
How is a commercial bank different from a central bank?
Write Short Note on the following:
Types of banks
Mention two differences between the Central Bank and a Commercial Bank.
Explain different types of banks.
Write a short note on Local Area Banks, Give two examples.
Mention the purposes of Agricultural and Cooperative banks?
The ______ function of the Central bank involves the settling claims of Commercial banks through a process of book entries.
Which of the following banks regulate the supply of money in the economy?
Assertion: Central banks control credit.
Reasoning: Commercial banks issue bank drafts.
RBI is ______.
It acts as the bankers' bank.
Name the largest commercial bank of India.
Name one development bank.
What is meant by an overdraft facility given by a commercial bank?
"The central bank is the lender of the last resort." Explain.
Describe the advantages of opening a bank account.
______ is a Banker's Bank.
Explain the four functions of the Reserve Bank of India.
