The central banking functions in India are performed by the

  1. I=Central Bank of India
  2. II=Reserve Bank of India
  3. III=State Bank of India
  4. IV=Punjab National Bank

The central banking functions in India are performed by the

  1. I=Central Bank of India
  2. II=Reserve Bank of India
  3. III=State Bank of India
  4. IV=Punjab National Bank
Correct Answer II

The central banking functions in India are performed by the Reserve Bank of India.
Bissoy MCQ

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How does shadow banking differ from commercial banking?
1. While commercial banks are tightly regulated, shadow banking is not well regulated.
2. Shadow banking cannot create money.
3. While liabilities of commercial banks are insured, shadow banking liabilities are not insured.
4. While commercial banks access to central bank liquidity in the times of distress, shadow banking does not have such resource.
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As per the RBI Act, 1934, the following functions are described as the functions of a Central Bank:
1. Banking functions
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3. Supervisory functions
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Identity the correct combination of statements with regard to banking in India:
1. The Presidency banks had acted as quasi - central banks for many decades in India.
2. The Bank of Hindustan was liquidated during 1829-32.
3. General Bank of India was an unsuccessful bank and was dissolved in 1791.
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1. BCBS is an Indian National Committee of banking supervisory authority.
2. BCBS was established by a group of 19 nationalized commercial banks.
3. BCBS was established in 1996.
4. It provides a forum for regular cooperation on banking supervisory matters.
Identify the correct combination of statements with regard to banking in India.
1. For many years the presidency banks had acted as quasi-central banks.
2. The Bank of Hindustan was liquidated during 1829-32.
3. General Bank of India was an unsuccessful bank and was dissolved in 1791.
4. Bank of Calcutta was renamed as Bank of Bengal in 1921.
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