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Reserve Bank of India

Who issues gu...

Question

Who issues guidelines for banks to examine their operations and to maintain people's trust?

A

Government of India

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B

State Bank of India

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C

Reserve Bank of India

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D

Supreme Court of India

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Solution

The correct option is C Reserve Bank of India
The Reserve Bank of India performs many functions such as:

Issues bank notes

Acts as a banker to the government

Acts as a banker to the banks

Acts as a custodian of cash reserve

It also facilitates and regulates the operations of other banks in the country.

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Similar questions

Q. As published in the newspapers, the RBI has issued certain guidelines to be followed by the Recovery Agents appointed by the banks. In addition to this, the Indian Bank Association (IBA) has to formulate a special training course for them. Why do RBI and IBA have to come into picture for such an issue which is the responsibility of the banks?
A. RBI and Govt were getting many complaints from the public about the misbehaviour of Recovery Agents.
B. Govt of India is paying much emphasis on providing banking services to the poor section of the society. News about ill-treatment by agents or suicides due to inability to pay back loans create a negative picture. RBI does not want this to happen.
C. Despite banks efforts to recover loans many people still do not wish to repay their loans, intentionally. Recovery agents will help banks to get their money back by all possible means.

Q. As per the guidelines of the Indian 'Red Cross Society', who among these people are most suitable to be blood donors

Q. Whenever some people wish to enter into the business world it is a must for them to approach a bank. What services do banks provide them in this regard?
A. Banks act as payment agents by operating current accounts, paying cheques and receiving payments for them.
B. Maintaining account books for them for their day-to- day activities so that they are not required to appoint account/finance personnel on a regular basis.
C. Lending money by way of overdraft, instalment loan, credit or advance for business activities

Q. The banking that involves customers to operate their bank accounts and avail banking services from any branch of the bank regardless of the place where he maintains his account is called _________.

Q. Q. Which of the following committee has been appointed by the Reserve Bank of India (RBI) to look into issues related to Primary urban co-operative banks?

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