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Introduction to Banking

Which of the ...

Question

Which of the following is the apex institution of the monetary and banking structure of our economy?

A

Central bank

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B

Commercial bank

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C

Both central and commercial bank

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D

None of the above

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Solution

The correct option is A
Central bank

The central bank is the apex institution of the monetary and banking structure of our economy, regulating the entire banking system.

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Q. Fill in the blanks with appropriate alternatives given in the brackets:
___ is the apex body of the monetary and banking system of the nations's economy. (commercial bank, Central Bank, Government, Co-operative bank)

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. Bank Rate is the rate at which central bank discounts the bills of commercial banks.

Q. Fill in the blanks with appropriate alternatives given in the brackets.

1. Central bank has the __________ of note issue. (monopsony/monopoly/duopoly/oligopoly)
2. The central bank acts as a ____________ of cash reserves of the country. (head/ leader/ custodian/ locker)
3. Bank Rate is also called as __________ rate. (rediscount/ market/ general/ exchange)
4. ____________ is the apex body of the monetary and banking systems of the nation's economy. (Commercial bank/ Central bank/ Government/ Co-operative bank)
5. Reserve Bank of India was established in _____________. (1937/ 1939/ 1935/ 1934)

Q. With the help of cash reserve deposited by commercial banks with Central bank commercial banks can _______________.

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