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Banks and Their Functions

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Question

Fill in the blanks with appropriate alternatives given in the brackets:
The Central Bank acts as a ___ of cash reserves of commercial banks in the country. (head, leader, custodian, locker)

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Solution

The Central Bank acts as a Custodian of cash reserves of commercial banks in the country.

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Q. Fill in the blanks with appropriate alternatives given in the brackets.

1. Central bank has the __________ of note issue. (monopsony/monopoly/duopoly/oligopoly)
2. The central bank acts as a ____________ of cash reserves of the country. (head/ leader/ custodian/ locker)
3. Bank Rate is also called as __________ rate. (rediscount/ market/ general/ exchange)
4. ____________ is the apex body of the monetary and banking systems of the nation's economy. (Commercial bank/ Central bank/ Government/ Co-operative bank)
5. Reserve Bank of India was established in _____________. (1937/ 1939/ 1935/ 1934)

Q. Fill in the blanks with appropriate alternatives given in the brackets:
___ acts as the bank of banks.
(Central Bank, Commercial Bank, Foreign Bank, State Bank)

Q. Fill in the blanks with appropriate alternatives given in the brackets:
___ is the rate at which Central Bank re-discounts bills of exchange from commercial banks.
(Bank rate, Cash Reserve Ratio, Growth rate)

Q. Fill in the blanks with appropriate alternatives given in the brackets:
___ is the apex body of the monetary and banking system of the nations's economy. (commercial bank, Central Bank, Government, Co-operative bank)

Q. Central Bank acts as a custodian of the cash preserves of commercial banks which means it ______________.

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