Q7. What is e-Kuber?

(a) Electronic transfer of Debt instruments from the primary holder to secondary holder.

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(b) A computerised system of Reserve Bank of India facilitating remittance of funds from a bank’s surplus account at one location to its deficit account at another

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(d) A scheme through which new entrepreneurs can initiate public offerings online.

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Solution

The correct option is B
(b) A computerised system of Reserve Bank of India facilitating remittance of funds from a bank’s surplus account at one location to its deficit account at another

The Reserve Bank also facilitates remittance of funds from a bank’s surplus account at one location to its deficit account at another. Such transfers are electronically routed through a computerized system called e-Kuber. The computerization of accounts at the Reserve Bank has greatly facilitated banks’ monitoring of their fund's position in various accounts across different locations on a real-time basis

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