Question

WHY IS CENTRAL BANK CALLED APEX BANK

Answer 1

Answer:

The Central Bank is the Apex Bank in India because of the following functions: ... Regulator of the Banking System. Manager of Foreign Exchange. Regulator and Supervisor of the Payment and Settlement Systems.

Answer 2

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The Central Bank is the Apex Bank in India because of the following functions: ... Regulator of the Banking System. Manager of Foreign Exchange. Regulator and Supervisor of the Payment and Settlement Systems.

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