2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The Reserve Bank of India has joined the Central Banks and Supervisors ‘Network for Greening the Financial System (NGFS)’ as a member. Where is the Secretariat of NGFS located?
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Paris
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Geneva
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Rome
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London
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Explanation:
Detailed explanation-1: -The Reserve Bank of India (RBI) has joined the Central Banks and Supervisors Network for Greening the Financial System (NGFS) as a Member.
Detailed explanation-2: -The correct answer is the Reserve Bank of India. Reserve Bank of India is the apex banking institution of India that regulates the financial sector.
Detailed explanation-3: -(i)It ensures safety to the bank deposits of people. (ii)It helps in collection of economic data all over the country. (iii)It contains corrupt practices from creeping within banks. (iv)Information forwarded by banks to RBI helps Ministry of Finance in drafting and presentation of National Budget every year.
There is 1 question to complete.