Which among the following function of RBI gives most clear indication that it is Bankers’ Bank in India? – FullGk.com

Home » BANKING SECTOR GK » Which among the following function of RBI gives most clear indication that it is Bankers’ Bank in India?

Which among the following function of RBI gives most clear indication that it is Bankers’ Bank in India?

[A] Issuance of Currency
[B] Ways & means advances
[C] Liquidity Adjustment Facility
[D] Maintenance of Currency Chests

Correct Answer: C [Liquidity Adjustment Facility] Explanation:
Issuance of currency makes RBI the sole agent of the government to issue currency notes, Ways and means advances are advances to the state and central government, Maintenance of currency chests comes under currency management, Collection of credit information is related to regulation of borrowers, Liquidity adjustment facility is the most appropriate option which gives an indication of RBI working as bankers` Bank.

Leave a comment

Your email address will not be published. Required fields are marked *

Developed By :- GONETKING