In India, the supervisory and promotional functions for the promotion and development of Banking sector is in the hands of______________.

(a)

Reserve Bank of India

(b)

Banking Regulation Act

(c)

State Bank of India

(d)

NABARD

____________is considered as the 'Lender of the last resort'.

(a)

Indigenous bankers

(b)

Reserve Bank of India

(c)

Parliamentary committee

(d)

Indian Bank

____________is the rate at which bills are discounted and rediscounted by the banks with the central bank.

(a)

Cash reserve ratio

(b)

Variable cash reserve ratio

(c)

Bank rate

(d)

Open market operation

During inflation the securities are sold in the market by the_____________.

(a)

Government

(b)

Central Bank

(c)

State Bank Group

(d)

Indigenous bankers

____________is authorised to discharge the function of central clearance in the absence of RBI branch.

(a)

The Central Government

(b)

The State Bank of India

(c)

Punjab National Bank

(d)

ICICI