Being the apex bank, RBI maintains the same relation with commercial banks as the latter maintains with the public. Which function is being highlighted here?
Being the apex bank, RBI maintains the same relation with commercial banks as the latter maintains with the public. Which function is being highlighted here?
(a) bank of issue
(b) Banker to the Government
(c) Banker’s Bank
(d) None of these
Anurag Pathak Changed status to publish January 3, 2024
Ans – (c)
As Commercial banks are the bank of the public, the Same RBI is the bank of the commercial banks.
Explanation:-
As public relies on commercial banks for their bank accounts and loans.
Same Commercial banks open their bank account with RBI and rely on it for credit in distress.
Anurag Pathak Changed status to publish January 3, 2024
