Assertion (A)- RBI gives licence to commercial banks and supervise them. Reason (R)- RBI is the largest bank of country.
1 point
a) both (A) & (R) both are true and (R) is correct explanation of (A)
b) both (A) & (R) both are true and (R) is not correct explanation of (A)
c) (A) is true but (R) is false
d) (A) is false but (R) is true
Answers
Answer:
answer is (b) because RBI is the largest bank of the country and also supervised all the banks in the country
Answer:
The answer to the question is option (a), which also demonstrates that RBI is the biggest bank in the nation and that it grants commercial banks licences and oversight.
Explanation:
The Reserve Bank of India (RBI) has granted twelve private sector banks licences throughout the past 20 years. There were two stages to this. On the basis of the directives given in January 1993, ten banks received licences. The Reserve Bank of India (RBI) grants licences to organisations so they can conduct banking operations and other activities that banking companies may engage in.
The RBI set the rate to regulate commercial banks and to make borrowing money more expensive or less expensive.
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