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Banks and Their Functions

The system of...

Question

The system of money and banking relies primarily on .

A

loyalty

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B

speed

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C

competition

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D

trust

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Solution

The correct option is D trust
The system relies on trust by all the stakeholders in the system.

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Similar questions

The system of money and banking relies primarily on:

Q. Money supply does not include money held by government and banking system, since, money held by them do not come into actual circulation in the country.

Q. When the RBI makes open market operations by sale of securities the money supply in the banking system?

Q. I am the apex banking institution. I control and regulate the entire banking system and money supply of the country. All the commercial banks have to follow the rules I set. I am the banker of all the banks and the government. Who am I?

Q. Why was the base rate system primarily introduced in Indian Banking Sector?

1. To curb the black money from Indian Banking Sector.
2. Enhancing transparency in lending rates of banks.
3. Better assessment of transmission of monetary policy.

Select the correct answer using the code given below:

Q. भारतीय बैंकिंग क्षेत्र में आधार दर प्रणाली मुख्य रूप से किस कारण शुरू की गई थी?

1. भारतीय बैंकिंग क्षेत्र से काले धन को हटाने के लिए।
2. बैंकों की ऋण दरों में पारदर्शिता बढ़ाने के लिए।
3. मौद्रिक नीति के बेहतर मूल्यांकन के लिए।

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