Functions of Central Bank

Central Bank  Each country has a central bank. It is the leading bank generally responsible for overseeing the banking system acting as a clearing banker for the commercial banks and for im…

Effective 01 January 2017, Cheques With Any Alterations Will Not Be Accepted - MMA

Effective 01 January 2017, Cheques With Any Alterations Will Not Be Accepted - MMA

Demonetization in Maldives, India and Europe

Demonetization is the act of stripping a currency unit of its status as legal tender. Demonetization is necessary whenever there is a change of national currency. The old unit of currency mus…

Indian Central Bank Proposes "Islamic (Banking) Window" in Conventional Banks

The central bank of India has proposed opening of "Islamic Window" in Indian conventional banks in an effort to gradually introduce Islamic Sharia-compliant (or interest-free) banking …

MCQ: November 2012, 2281/12, Question 15

Functions of Central Bank

Central Bank  Maldives Monetary Authority (MMA) - The Central Bank Each country has a central bank. It is the leading bank generally responsible for overseeing the banking system acting as a c…