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What is meant by clearing house function of the RBI? - Commercial Studies

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प्रश्न

What is meant by clearing house function of the RBI?

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उत्तर

Clearing house function of the RBI means the claims of different commercial banks on one another are settled by the RBI through book entries and only net claims are actually paid or received.

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Functions of a Central Bank
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पाठ 14: Banking - EXERCISES [पृष्ठ २५६]

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गोयल ब्रदर्स प्रकाशन Commercial Studies [English] Class 10 ICSE
पाठ 14 Banking
QUESTION BANK | Q 10. | पृष्ठ २६१
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