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Question Practice

The RBI acts as a 'banker to banks.' What does this mean?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 7
Social Science
Exploring Society India and Be...
Banks and the Magic of Finance
Question Bank

The RBI acts as a 'banker to b...

Single Answer MCQ
Q-00131402

The RBI acts as a 'banker to banks.' What does this mean?

1

It provides loans to individual account holders.

2

It manages financial transactions between banks.

3

It opens and maintains bank accounts for customers.

4

It decides the interest rates for customers.

Previous QuestionNext Question
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