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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
A bank which is known as bankers bank.
Write Short Note on the following:
Types of banks
State with Reasons whether the following statement is TRUE or FALSE:
Central bank (RBI) connot accept deposit from the public.
State with Reasons whether the following statement TRUE or FALSE.
Current account is suitable for salaried people.
Explain the types of banks?
Give the meaning of Commercial Banks?
What do you mean by Industrial Banks?
Briefly explain about Correspondent Banks?
Write a short note on Local Area Banks, Give two examples.
Mention the purposes of Agricultural and Cooperative banks?
Explain the types of banks based on ownership patterns.
The ______ function of the Central bank involves the settling claims of Commercial banks through a process of book entries.
Public Banks are the banks which are ______.
It acts as the bankers' bank.
Name the largest commercial bank of India.
What is meant by an overdraft facility given by a commercial bank?
What are the important functions of Central bank? Which of these functions are more important in a country like India?
Describe the advantages of opening a bank account.
What is Banker's Cheque?
The ______ of a country serves as the leader of the banking system and the money market.
