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Banker to the Banks

The RBI acts ...

Question

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

A

False

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B

True

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Solution

The correct option is A False

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

Q. The Reserve Bank of India (RBI) acts as a bankers’ bank. This would imply which of the following?
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Select the correct answer using the codes given below:

Q.  The Reserve Bank of India (RBI) acts as a bankers’ bank. This would imply which of the following?

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Select the correct answer using the codes given below :

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