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Questions and Answers
When did the Reserve Bank of India commence its operations?
Which entity is at the apex of the banking system in India?
What is the statutory basis of the functions of the Reserve Bank of India?
What do trade bills refer to in the money market?
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When was the Reserve Bank of India nationalized?
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Study Notes
Reserve Bank of India
- The Reserve Bank of India commenced its operations on April 1, 1935.
- The Reserve Bank of India is at the apex of the banking system in India.
Statutory Basis
- The statutory basis of the functions of the Reserve Bank of India is the Reserve Bank of India Act, 1934.
Money Market
- Trade bills refer to bills of exchange and promissory notes that are used to finance trade transactions in the money market.
Nationalization
- The Reserve Bank of India was nationalized on January 1, 1949.
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Description
Test your knowledge of the organized sector of India's money market with this quiz. Explore topics such as the Reserve Bank of India, commercial banks, cooperative banks, and regulated financial intermediaries. See how well you understand the structure and functions of the organized sector in India's money market.
