Question

Clearing house in India, is administered by

• A. Reserve Bank of India
• B. State Bank of India
• C. Some nationalised Banks
• D. All of these

Hint:

RBI oversees major financial systems, including clearing houses, in India.

Answer 1

The Correct Option is A

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.