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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
With reference to the Central Bank, explain the following:
- Monopoly of note issue
- Lender of the last resort.
Overdraft facility is available on ______.
Which of these is the apex bank of the Indian Banking System?
One of the functions of the Central Bank among the following is ______
______ refers to a certain percentage of total deposits the commercial banks are required to maintain in the form of cash reserve with the Central bank.
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 |
Which market structure has only one seller?
The Chief of the Reserve Bank of India is called ______.
The central bank of a country is the banker's bank. Justify for or against by giving two reasons.
Explain any five functions of the RBI in context with the Indian economy.
