Economy, asked by diauroseow5rs5, 1 year ago

why is a central bank known as apex bank ?

Answers

Answered by Róunak

Hey mate .
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The Reserve Bank is the Apex Bank in India because of the following functions:

Monetary Authority

Issuer of Currency

Banker and Debt Manager to Government

Banker to Banks

Regulator of the Banking System

Manager of Foreign Exchange

Regulator and Supervisor of the Payment and Settlement Systems

Maintaining Financial StabilityDevelopmental Role

diauroseow5rs5: thank u

diauroseow5rs5: so can u tell me why commercial banks aren't known as apex banks...? is it bcz that they don't perform these functions ?

diauroseow5rs5: i have an exam tomorrow ...

diauroseow5rs5: could u plz mind helping me now ?

diauroseow5rs5: by answering my question..

Answered by manavpatel130807

Answer:

The Central Bank, also known as National Bank or Reserve Bank in some countries, is an apex monetary authority in a country. It is an institution that manages and oversees a country's money supply, inflation and interest rates.All you need to know about RBI: The Apex Bank of India.

Explanation:

hope it is correct

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