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…

A Bank Mistakenly Puts Rs 98 Billion in a Taxi Driver's Account

A taxi driver from Punjab State of India, Mr Balwinder Singh's Jan Dhan account was mistakenly credited with almost Rs 98 billion by the State Bank of Patiala earlier this month, reported Hin…

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 14

MCQ: November 2012, 2281/12, Question 15

MCQ: June 2012, 2281/11, Question 14

MCQ: June 2012, 2281/11, Question 15

Topic 15: Money and Banking

Money and Banking The Barter System  Evolution of Money  Features of Money  Functions of Money  Types of Money  Banking  Commercial Banks  Meaning  Functions  Central Bank  Meaning  Fu…

Money and Banking

The Barter System  Barter system refers to the direct exchange of goods for goods without the use of money. People preferred Money Economy over Barter Economy due to the inconveniences in the Ba…

Functions of Commercial Bank

Commercial Banks  Commercial Banks accept deposits of money for safekeeping and provide them with a payment transmission service (cheques), together with saving and loan facilities.  Functio…

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…

MCQ: June 2011, 2281/11, Question 14

MCQ: June 2011, 2281/11, Question 14

MCQ: November 2010, 2281/11, Question 13