Match List I with List -II.
| List I | List II | ||
| A. | Institution that accept public deposits | I. | Issuance of currency notes |
| B. | The central Bank of India | II. | Acceptance of deposit from public |
| C. | Function of a Central Bank | III. | Reserve Bank of India |
| D. | Function of Commercial Bank | IV. | Commercial Bank |
Choose the correct answer from the options given below :
Answer & explanation
Correct answer: option 2
The correct answer is option (2) : A-IV, B-III, C-I, D-II
| List I | List II | ||
| A. | Institution that accept public deposits | IV. Commercial Bank | |
| B. | The Central Bank of India | III.Reserve Bank of India | |
| C. | Function of a Central Bank | I. Issuance of currency notes | |
| D. | Function of Commercial Bank | II. Acceptance of deposit from public | |
(A) Institution that accepts public deposits (IV) : This function is typically associated with Commercial Banks, which accept deposits from the public.
(B) The Central Bank of India (III) : The Reserve Bank of India (RBI) is the central bank of India.
(C) Issuance of currency notes (I) : This function is associated with the Reserve Bank of India (RBI) as the central bank, which has the authority to issue currency notes.
(D) Function of Commercial Bank (II) : Commercial Banks perform the function of accepting deposits from the public, among other functions.