Central Bank

What is a Central Bank?

• a national bank that provides financial and banking services for its country's government

• financial institution which performs the functions of accepting deposits from the public and making loans and investments

• A central bank is a financial institution that is responsible for overseeing the monetary system and policy of a nation

Which bank is also known as an Apex bank?

• Commercial Bank

• Central Bank

• Both

What is RBI also known as?

• Commercial Bank

• Central Bank

When was the Central bank of India established?

• 1665

• 1935

• 1668

• 1938

What is the Central Bank of United States of America called?

• Bank of Botswana

• Overseas Issuing Institute

• European Union

• The Federal Reserve

What is the way commercial banks promoting economic development?

• Mobilization of Savings.

• Capital Accumulation or Formation

• Expansion of Market.

• Developing Entrepreneurship

• All of the above

The Central Bank issues the currency notes then who mints the coins?

• RBI

• Ministry of Finance

Which city is known as the commercial capital of India?

• Delhi

• Kolkata

• Bangalore

• Mumbai

How does the bank mobilize savings?

• they mobilize savings from individual savers.

• promote savings among the people by providing various attractive savings schemes.

What is a bank?

• An institution that does not offer lending or depositing services

• A financial institution licensed to receive deposits and make loans