1
Question
Which bank is called as "Bankers Bank‟ ?
Which bank is called as "Bankers Bank‟ ?
Open in App
Solution
The correct option is B Reserve Bank of India
As an apex bank, RBI acts as as the banker's bank also. All the commercial banks in India are supposed to keep a cash reserve ratio with this bank. Commercial banks create credit. It is the duty of the RBI to control the credit through the CRR, bank rate and open market operations.
As an apex bank, RBI acts as as the banker's bank also. All the commercial banks in India are supposed to keep a cash reserve ratio with this bank. Commercial banks create credit. It is the duty of the RBI to control the credit through the CRR, bank rate and open market operations.
Suggest Corrections
0
Similar questions
View More
Join BYJU'S Learning Program
Explore more
Join BYJU'S Learning Program
