From the set of statements given in Column I and Column II, Choose the correct pair of statements:
From the set of statements given in Column I and Column II, Choose the correct pair of statements:
| Column I | Column II |
| (a) Commercial Bank | (i) Banker to the Government |
| (b) Central Bank | (ii) Currency Authority |
| (c) Money Multiplier | (iii) 1/1 – LRR |
| (d) Bank Rate | (iv) Repurchase Rate |
Anurag Pathak Changed status to publish December 25, 2023
Ans – (b) – (ii)
Explanation:-
(a)
Central bank is the banker to the government not the commercial bank.
(b)
Central Bank has the authority to issue currency in the country.
(c)
Money multiplier = 1/LRR
(d)
Bank rate is known as discount rate. Repo rate is known as repurchase rate.
Anurag Pathak Changed status to publish December 25, 2023
