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Controlling Reserve Requirements

Who mandates ...

Question

Who mandates commercial banks to keep a certain amount of funds in reserve?

A

HDFC Bank

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B

Bank of India

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C

Reserve Bank of India

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D

State Bank of India

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Solution

The correct option is C Reserve Bank of India
.

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Similar questions

Q. The RBI mandates banks to keep a certain amount of funds in reserve.

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

1

. Other banks retain their deposits with the RBI

2

. RBI lends funds to the commercial banks in times of need

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. RBI advises the commercial banks on monetary matters
Select the correct answer using the codes given.

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