BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Bank of Baroda
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Punjab National Bank
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State Bank of India
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All of the above
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Detailed explanation-1: -The Reserve Bank carries out the general banking business of the governments through its own Offices and branches of public sector banks viz., State Bank of India, its associates and Nationalised Banks and four Private Sector Banks viz. ICICI Bank Ltd., HDFC Bank Ltd., IDBI Bank Ltd. and UTI Bank Ltd.
Detailed explanation-2: -State Bank to act as agent of the Reserve Bank | State Bank of India Act, 1955 | Bare Acts | Law Library | AdvocateKhoj.
Detailed explanation-3: -The Reserve Bank acts as an adviser to the Government, whenever called upon to do so, on monetary and banking related matters. The Central Government and State Governments may make rules for the receipt, custody and disbursement of money from the consolidated fund, contingency fund, and public account.
Detailed explanation-4: -The State Bank of India works as RBI’s agent at places where it has no office of its own.
Detailed explanation-5: -Reserve Bank of India Question 6 Detailed Solution The correct answer is National Housing Bank. National Housing Bank is a subsidiary of RBI.