Reserve Bank of India is the Central Bank of India.
It is also called a banker’s bank. It is responsible for issuing Indian currency and managing its flow in the market.
The commercial banks of the country have to retain some amount of deposit with the Reserve Bank of India which will be lent to them at the time of emergency.
If the commercial banks run short of money then RBI lends it in the form of a loan.
RBI also advises banks on money matters so that they function properly and maintains a good base in the market.
Option 1 : Kosamba Mercantile Co-operative Bank LtdThe correct answer is Kosamba Mercantile Co-operative Bank Ltd.
The Reserve Bank of India (RBI) on September 2, 2021, imposed a monetary penalty of Rs...
Option 2 : Lakshmi Vilas BankThe correct answer is Lakshmi Vilas Bank.
The Reserve Bank of India (RBI) had excluded Lakshmi Vilas Bank (LVB) from the Second Schedule of the RBI Act...
Option 3 : Only 1 and 3The correct answer is Only 1 and 3.
Power and renewable energy minister R K Singh launched the pan-India real-time market (RTM) in electricity, placing...
Option 3 : Only 1 and 3The correct answer is Only 1 and 3.
The DNA Technology (Use And Application) Regulation Bill, 2019 was introduced in the Lok Sabha.
The bill which...
Option 4 : 1 and 3 onlyThe correct answer is 1 and 3 only.
Holding elections to the Panchayats is the responsibility of the State Governments and the State Election Commissions.
The...
Option 3 : Both 1 and 2The correct answer is Both 1 and 2.
Economic and Statistical Organisation Punjab (ESO), is the nodal statistical agency of State Government of Punjab.
ESO provides vital...
Option 2 : 1 and 2 onlyThe correct answer is 1, 2 and 3.
The drain of wealth:
It refers to the economic critique of colonial rule in India that was advocated by...
Option 3 : 2, 3 and 4 onlyThe correct answer is 2, 3 and 4 only.
Systematically Important Banks
Banks which are systematically important because of their size, lack of substitutability and interconnectedness.
They...
Option 4 : All of the aboveThe correct answer is All of the above.
Subir Gokarn was Indian economist.
He was India's executive Director at IMF.
Former Deputy Governor of the Reserve Bank of...
Option 1 : DThe correct answer is the Bank of Hindustan.
Moving towards modern India, the first bank of India was the Bank of Hindustan.
This bank was established in the year 1770 but...