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प्रश्न
The central bank settles the claims of commercial banks is called ______.
पर्याय
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
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Read the below case and answer the question that follow:
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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?" |
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| 4. Function of Government | (d) Creation of credit |
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