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Consider the following statements regarding e-kuber.
- E-kuber is the core banking solution of the RBI that gives high degree of access to commercial banks to their current account with the RBI.
- Sovereign Gold Bonds are available for subscription at the branches of scheduled commercial banks through e-kuber system.
Which of the above statements is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
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Most Upvoted Answer
Consider the following statements regarding e-kuber. E-kuber is the co...
E-kuber is the core banking solution of the Reserve Bank of India (RBI) that provides commercial banks with a high degree of access to their current accounts with the RBI. It is a centralized system that allows banks to manage their accounts and transactions seamlessly.
Explanation:
1. E-kuber is the core banking solution of the RBI that gives a high degree of access to commercial banks to their current account with the RBI.
- This statement is correct. E-kuber is a centralized core banking solution provided by the RBI to commercial banks. It enables them to have easy access to their current accounts with the RBI. This access allows banks to carry out various transactions and manage their accounts efficiently.
2. Sovereign Gold Bonds are available for subscription at the branches of scheduled commercial banks through the e-kuber system.
- This statement is also correct. The e-kuber system facilitates the subscription of Sovereign Gold Bonds (SGBs) at the branches of scheduled commercial banks. SGBs are government securities denominated in grams of gold. They are an investment option for individuals who want to invest in gold without actually holding physical gold. The e-kuber system makes it convenient for investors to subscribe to these bonds through their preferred commercial bank branches.
Therefore, both statements are correct.
In conclusion, e-kuber is a core banking solution provided by the RBI that offers commercial banks easy access to their current accounts with the RBI. Additionally, the e-kuber system enables the subscription of Sovereign Gold Bonds at the branches of scheduled commercial banks.
Explanation:
1. E-kuber is the core banking solution of the RBI that gives a high degree of access to commercial banks to their current account with the RBI.
- This statement is correct. E-kuber is a centralized core banking solution provided by the RBI to commercial banks. It enables them to have easy access to their current accounts with the RBI. This access allows banks to carry out various transactions and manage their accounts efficiently.
2. Sovereign Gold Bonds are available for subscription at the branches of scheduled commercial banks through the e-kuber system.
- This statement is also correct. The e-kuber system facilitates the subscription of Sovereign Gold Bonds (SGBs) at the branches of scheduled commercial banks. SGBs are government securities denominated in grams of gold. They are an investment option for individuals who want to invest in gold without actually holding physical gold. The e-kuber system makes it convenient for investors to subscribe to these bonds through their preferred commercial bank branches.
Therefore, both statements are correct.
In conclusion, e-kuber is a core banking solution provided by the RBI that offers commercial banks easy access to their current accounts with the RBI. Additionally, the e-kuber system enables the subscription of Sovereign Gold Bonds at the branches of scheduled commercial banks.
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Consider the following statements regarding e-kuber. E-kuber is the core banking solution of the RBI that gives high degree of access to commercial banks to their current account with the RBI. Sovereign Gold Bonds are available for subscription at the branches of scheduled commercial banks through e-kuber system.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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Consider the following statements regarding e-kuber. E-kuber is the core banking solution of the RBI that gives high degree of access to commercial banks to their current account with the RBI. Sovereign Gold Bonds are available for subscription at the branches of scheduled commercial banks through e-kuber system.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding e-kuber. E-kuber is the core banking solution of the RBI that gives high degree of access to commercial banks to their current account with the RBI. Sovereign Gold Bonds are available for subscription at the branches of scheduled commercial banks through e-kuber system.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding e-kuber. E-kuber is the core banking solution of the RBI that gives high degree of access to commercial banks to their current account with the RBI. Sovereign Gold Bonds are available for subscription at the branches of scheduled commercial banks through e-kuber system.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
Consider the following statements regarding e-kuber. E-kuber is the core banking solution of the RBI that gives high degree of access to commercial banks to their current account with the RBI. Sovereign Gold Bonds are available for subscription at the branches of scheduled commercial banks through e-kuber system.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding e-kuber. E-kuber is the core banking solution of the RBI that gives high degree of access to commercial banks to their current account with the RBI. Sovereign Gold Bonds are available for subscription at the branches of scheduled commercial banks through e-kuber system.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding e-kuber. E-kuber is the core banking solution of the RBI that gives high degree of access to commercial banks to their current account with the RBI. Sovereign Gold Bonds are available for subscription at the branches of scheduled commercial banks through e-kuber system.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
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ample number of questions to practice Consider the following statements regarding e-kuber. E-kuber is the core banking solution of the RBI that gives high degree of access to commercial banks to their current account with the RBI. Sovereign Gold Bonds are available for subscription at the branches of scheduled commercial banks through e-kuber system.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice UPSC tests.
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