GK
BANKING AWARENESS AND SEBI
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Question
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Banker’s Bank
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Regulation of Life Insurance
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Regulation of the Stock Markets
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Regulation of Mutual Funds in India
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Detailed explanation-1: -The Reserve Bank of India is the central Bank of India entrusted with the multidimensional role. It performs important monetary functions from issue of currency note to maintenance of monetary stability in the country.
Detailed explanation-2: -(iii) It acts as a bank of central clearance, settlements and transfers. As all commercial banks have their accounts with the Central Bank, it can easily settle claims of various commercial banks against each other by making debit and credit entries in their accounts.
Detailed explanation-3: -1)Monetary Management/Authority. 2) Supervision and Regulation of Banking and Non-Banking Financial Institutions. 3) Regulation of Foreign Exchange Market, Government Securities Market, and Money Market. 4) Foreign Exchange Reserve Management. 5) Bankers to Central and State Government. More items •31-Oct-2022