RBI Grade B Officer (General / DEPR / DSIM) 2023 · Question 32 of 260

Which of the following statements is true regarding Call Money, Notice Money and Term Money?

Banking awareness

1. AA. Scheduled commercial banks (including Small Finance Banks) cannot set their own limits for borrowing in call money and notice money markets, within the prescribed prudential limits for inter-bank liabilities
2. BB. Scheduled commercial banks (excluding Small Finance Banks) can set their own limits for borrowing in call money and notice money markets, within the prescribed prudential limits for inter-bank liabilitiesCorrect
3. CC. Scheduled commercial banks (excluding Small Finance Banks) can set their own limits for borrowing in call money only but not in notice money markets, within the prescribed prudential limits for inter-bank liabilities
4. DD. Scheduled commercial banks (including Small Finance Banks) can set their own limits for borrowing in call money only but not in notice money markets, within the prescribed prudential limits for inter-bank liabilities
5. EE. None of the above