BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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NABARD
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SlDBI
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SEBI
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State Bank of India
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Detailed explanation-1: -The Reserve Bank of India, is the custodian of the country’s foreign exchange reserves and is vested with the responsibility of managing their investment.
Detailed explanation-2: -The Function of RBI as a Regulator of the Money Market It is in charge of the country’s currency and gold reserves. The foreign exchange rate reflects the demand for and supply of foreign exchange resulting from trade and capital transactions on any given day. RBI works as a regulator of the money market.
Detailed explanation-3: -RBI regulates the credit and currency system in India. The chief objectives of the RBI are to sustain the confidence of the public in the system, protect the interests of the depositors, and offer cost-effective banking services like cooperative banking and commercial banking to the people.
Detailed explanation-4: -The Reserve Bank regulates financial markets within the overarching statutory framework of the Reserve Bank of India Act, 1934, the Government Securities Act, 2006, Foreign Exchange Management Act, 1999, the Bilateral Netting of Qualified Financial Contracts Act, 2020 and the Payment and Settlement Systems Act, 2007.