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The Reserve Bank of India (RBI) acts as a bankers' bank. This would imply which of the following? 1. Other banks retain their deposits with the RBI. 2
The basic aim of Lead Bank Scheme is that
In India, the interest rate on savings accounts in all the nationalized commercial banks is fixed by
The correct answer is option (d): All of the above. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
This question was asked in UPSC CSE Prelims 2013, GS Paper 1, as Question 76. It falls under Indian Economy > Banking & Financial Sector.
This question is rated "easy". It tests basic recall and most well-prepared aspirants should answer it correctly.
UPSC has asked 48 questions from Banking & Financial Sector (under Indian Economy) across multiple years. Visit the topic page to see the full list and year-wise trends.