Exam 1: Banking Terms and Concepts: From Demand Deposits to Central Banks and Rtgs

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In India , RTGS has been implemented on --------- .

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Rediscounting and giving advance the central bank charges interest at a rate which is known as --------------.

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Deposit are secondary or derived from the primary deposits is known as-------------.

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------------------------ Conversion of physical cheque into electronic form for transmission to the paying bank.

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The Govt.delegates the right of--------------to the central bank.

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