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प्रश्न
With the help of an example, explain the clearing house functions of RBI.
Explain the work of "banker's clearing house."
उत्तर
- The Reserve Bank of India (RBI) operates as a clearing house, allowing for the efficient and secure settlement of interbank transactions.
- For example, if a customer from Bank A sends a cheque to a customer from Bank B, the RBI acts as a go-between to ensure that the cheque amount is deducted from Bank A and credited to Bank B.
- The RBI clears and settles the transaction, ensuring that interbank fund transfers occur smoothly and on time.
संबंधित प्रश्न
Name the institution which enjoys the monopoly of note issue
One of the functions of the Central Bank among the following is ______
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. - "What is demonetisation and why was it done?" |
______ is issued by the government of India.
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 |
Identify the correctly matched pair from Column A to that of Column B:
| Column A | Column B | ||
| (1) | Flexible Exchange Rate | (a) | Foreign Exchange Rate is determined by the Central Bank. |
| (2) | Fixed Exchange Rate | (b) | The foreign exchange rate is determined by the demand and supply. |
| (3) | Managed Flexible Rate | (c) | The Central Bank interferes with the market demand and supply of foreign currency. |
| (4) | Managed Fixed Rate | (d) | The Central Bank controls the foreign rate regime |
The central bank settles the claims of commercial banks is called ______.
List any two functions of the central bank.
Which of the following is/are the function(s) of central bank?
The central bank of a country is the banker's bank. Justify for or against by giving two reasons.
