ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Bharatiya Reserve Bank Note Mudran (BRBNM) is a specialised division of RBI through which it prints and mints Indian currency notes (INR) in three of its currency printing presses located in Nashik (Maharashtra; Western India), Dewas (Madhya Pradesh; Central India), and Mysore (Karnataka; Southern India)..

Detailed explanation-2: -(2) Save as provided in sub-section (1), no banking company shall hold shares in any company, whether as pledgee, mortgagee or absolute owner, of an amount exceeding thirty per cent. of the paid-up share capital of that company or thirty per cent.

Detailed explanation-3: -One of the primary roles of an investment bank is to serve as a sort of intermediary between corporations and investors through initial public offerings (IPOs). Investment banks provide underwriting services for new stock issues when a company decides to go public and seeks equity funding.

Detailed explanation-4: -A bank’s reserves are calculated by multiplying its total deposits by the reserve ratio. For example, if a bank’s deposits total $500 million, and the required reserve is 10%, multiply 500 by 0.10. The bank’s required minimum reserve is $50 million.