English

It acts as the bankers' bank. - Commercial Applications

Advertisements
Advertisements

Question

It acts as the bankers' bank.

Options

  • Commercial Bank

  • Central Bank

  • Specialised Bank

  • None of these

MCQ

Solution

Central Bank

Explanation:

  1. The Reserve Bank of India is our country's central bank and the bankers' bank.
  2. It carries out the country's monetary policy because it occupies a central position in the country's banking system.
shaalaa.com
  Is there an error in this question or solution?
Chapter 14: Banking - EXERCISES [Page 255]

APPEARS IN

Goyal Brothers Prakashan Commercial Studies [English] Class 10 ICSE
Chapter 14 Banking
EXERCISES | Q 5. | Page 255
Goyal Brothers Prakashan Commercial Applications [English] Class 10 ICSE
Chapter 7 Banking and Bank Transactions
EXERCISES | Q 5. | Page 123
Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×