Tag: business organisation

Questions Related to business organisation

Which of the following is the banker's bank _________.

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  1. SIDBI

  2. EXIM bank

  3. IDBI

  4. RBI

Show answer
Correct Option: D
Explanation:
In India, Reserve Bank Of India or RBI is known as the banker's bank. It is so called because it acts as a bank for all the commercial banks in India. RBI holds their cash reserves, lends them short -term funds and provides them the central clearing and remittances facilities.