Assertion (A): The RBI is called the bankers' bank.
Reason (R): Commercial banks keep part of their reserves with the RBI and can borrow from it, as people do with banks.

Both A and R are true, and R is the correct explanation of A.Correct answerYour answerBoth A and R are true, but R is not the correct explanation of A.Correct answerYour answerA is true, but R is false.Correct answerYour answerA is false, but R is true.Correct answerYour answer

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CorrectNot quiteAnswer A

Correct answer: A

The RBI does for banks what banks do for the public. R explains A.

Concept: Bankers' bank
Typical timeTypical: 70 s
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The rule this testsFunctions of the central bank

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Assertion (A): The RBI is called the bankers' bank.Reason (R): Commercial banks keep part of their reserves with the RBI and can borrow from it, as people do with banks.

Explanation

Assertion (A): The RBI is called the bankers' bank.
Reason (R): Commercial banks keep part of their reserves with the RBI and can borrow from it, as people do with banks.