Tag: business organisation

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Multiple choice business organisation capital market concept of financial market introduction to financial markets meaning and definition of financial market

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

  1. SIDBI

  2. EXIM bank

  3. IDBI

  4. RBI
Reveal answer Fill a bubble to check yourself
D Correct answer
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.