Comment on the following: RBI is a banker to the government.
CS Professional · Banking - Law and Practice · PYQS · December 2016
Comment on the following: RBI is a banker to the government.
Answer & Explanation:
This statement is true . In terms of Sections 20 and 21 of the RBI Act 1934, the RBI has the obligation to transact the banking business of the Central Government.
Topics: Banking Regulation
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