Question : Whiich bank is called the bankers Bank?
Option 1: World Bank
Option 2: Central Bank
Option 3: SBI Bank
Option 4: ICICI Bank
Answer (1)
19th Jan, 2024
Correct Answer:
Central Bank
Solution :
Central Bank keeps the cash balances of commercial banks and issues loans to them on requirements in the same manner as the commercial banks do for its customers. That's why it is also called as bankers' bank.
Hence option B is correct.
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