The Reserve Bank of India (RBI) recently imposed a monetary penalty on three banks - ₹1.50 lakhs on Dr. Ambedkar Nagarik Sahakari Bank Maryadit, ₹25,000 on Nagarik Sahkari Bank Maryadit, and ₹1 lakh on Ravi Commercial bank for violating the provision of its regulation. The banking regulator has imposed a monetary penalty for contravention of non-compliance with the directions issued to Ravi Commercial Bank on exposure norms and statutory and other restrictions & KYC.
Which function of the central bank is referred to in the above paragraph?
Supervisor to Banks
The correct answer is **Supervisor to Banks**.
The **central bank supervises and regulates commercial banks** to ensure financial stability.
- It **sets guidelines** and ensures banks follow proper lending and capital requirements.
- It **monitors banking operations** to prevent fraud.
- **(a) Financial Advisor** → Incorrect. This role is for advising the government.
- **(c) Banker’s Bank** → Incorrect. This role includes liquidity support but not direct supervision.
- **(d) Lender of last resort** → Incorrect. This refers to emergency lending, not supervision.
Important Questions from Demand
When percentage change in quantity demanded is less than the percentage change in price, i.e., if the good is price inelastic, the expenditure on the good would ______?
Demand is price inelastic for:
The Law of Demand may be defined as the one among the following. Choose the correct option.
Elasticity of Demand is given by the formula:
Match List-I with List-II:
List-I List-II (A) NABARD (I) Women-oriented community-based poverty education program (B) Kudumbashree (II) Uses the mixed crop-livestock farming system (C) Animal husbandry (III) HYV seeds, chemical fertilizers (D) Organic farming (IV) Set up in 1982 Choose the correct answer from the options given below:
