Assertion (A): The Reserve Bank of India is entrusted with the management of the public debt and issue of new loans and treasury bills on behalf of the central and state Governments. Reasoning (R): The Governor and the Deputy Governors of Reserve Bank of India are appointed by the Central Government
(a) Internet Banking (b) Telephone Banking (c) Electronic Cheque Conversion (d) Electronic Bill Payment (e) Direct Fund Transfer through RTGS
List I List II (a) Future (i) Consists of purchase or sale of commodities in two different markets with the expectations that a future change in price in one market will be off set by an opposite change in the other market. (b) Swap (ii) A contract in which a seller agrees to deliver an […]
Assertion (A): The future will see mostly the electronic money clearance through satellite networking. Reasoning (R): RBI is encouraging e-banking.