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Banker to Banks and Government

The RBI acts ...

Question

The RBI acts a banker and supplies and manages money to which of the following?

A

Banks and government

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B

Banks and businessmen

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C

Government and businessmen

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D

Businessmen and consumers

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Solution

The correct option is A Banks and government
.

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Similar questions

Q. RBI acts as the banker to the central government and commercial banks act as banker to the state governments.

Q. The RBI acts as a banker to the Government of India but not to the banks in India.

Q. Policy measures by the RBI to control and regulate money supply is called __________.

Q. Every bank is obliged to follow each and every regulation of the RBI to curb the money supply in the economy.

Q. The Reserve Bank of India (RBI) acts as a bankers' bank.This would imply which of the following ?
1) Other banks retain their deposits with RBI
2) The RBI lends funds to the commercial banks in times of need.
3) The RBI advises the commercial banks on monetary matters.
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