Question:
Clearing house in India, is administered by
Clearing house in India, is administered by
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RBI oversees major financial systems, including clearing houses, in India.
Updated On: Nov 7, 2025
- Reserve Bank of India
- State Bank of India
- Some nationalised Banks
- All of these
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The Correct Option is A
Solution and Explanation
Step 1: The clearing house in India is a system managed by the Reserve Bank of India (RBI) to facilitate the exchange and settlement of cheques and other payment instruments.
Step 2: While other banks may participate, the administration is primarily under RBI's oversight.
Step 3: Therefore, the correct option is (A) Reserve Bank of India.
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