Banking and Finance
Consider the following statements:1. The Governor of the Reserve Bank of India (RBI) is appointed by the Central Government.2. Certain provisions in the Constitution of India give the Central Government the right to issue directions to the RBI in pub...
With reference to 'Urban Cooperative Banks' in India, consider the following statements :1. They are supervised and regulated by local boards set up by the State Governments.2. They can issue equity shares and preference shares.3. They were brought u...
The money multiplier in an economy increases with which one of the following?
In India, the central bank's function as the 'lender of last resort' usually refers to which of the following?1. Lending to trade and industry bodies when they fail to borrow from other sources2. Providing liquidity to the banks having a temporary cr...