BANKER TO GOVERNMENT AND BANKS Flashcards
The bank provides short-term interest-bearing advance – to the Governments that is called as ………….
Ways and Means Advances
Final compilation of Government accounts, of the Centre and the States, is done at ……………………………. Section, ……………………. office of the Reserve Bank.
Central Accounts Section, Nagpur office
In RBI, which department issues general guidelines for opening the current accounts
The Department of Government and Bank Accounts (DGBA).
The principal accounts of the various Central government departments is maintained at.
Central Accounts Section, Nagpur office
the Bank is banker to all the States and the Union Territories in the country, except for the State of ……………….
Sikkim
To tide over temporary mismatches in the cash flow of receipts and payments, the Reserve Bank provides ………………………, ………………………. And ……………….. to the State Governments
Special Drawing Facility (SDF), Normal Ways and Means Advances and Overdraft (OD)
The …………………………… and ………………………. may make rules for the receipt, custody and disbursement of money from the consolidated fund, contingency fund, and public account.
Central Government and State Governments.
These rules are legally binding on the Reserve Bank as accounts for these funds are with the Reserve Bank.
The current accounts of individual banks are being opened in …………….. by Banking Departments of the Regional Offices
e-kuber (CBS of RBI)
Under a scheme introduced in 1976, every ministry and department of the Central Government has been allotted a ………………………………… for handling its transactions. Hence, the Reserve Bank does not handle government’s day-to-day transactions as before, except where it has been nominated as banker to a particular ……………. or ……………….
specific public sector bank, ministry, department
Which is the Foreign Sector Bank appointed as agency bank
DBS Bank
