Business Regulators and Intermediaries
ICSE · Class 12 · Business Studies
Flashcards for Business Regulators and Intermediaries — ICSE Class 12 Business Studies. Quick Q&A cards covering key concepts, definitions, and formulas.
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What are regulators in business and why are they needed?
Answer
Regulators are authorities constituted or appointed by the Government. They regulate the working of specified individuals and organisations. Their main purpose is to ensure ethical functioning and saf…
What are intermediaries in business?
Answer
Intermediaries are individuals and organisations who act as middlemen between two different groups of economy or society. In business, they connect corporate firms, investors, and consumers. Examples …
How are regulators different from intermediaries?
Answer
Regulators are official agencies appointed by the Government to control and supervise others. Intermediaries are usually unofficial or private agencies that connect buyers and sellers or firms and inv…
What is the Reserve Bank of India (RBI)?
Answer
The Reserve Bank of India is the Central Bank of India. It regulates commercial banks, both Indian and foreign, and non-banking finance companies working in India. It was set up in 1935 under the Rese…
What are the main functions of RBI as a banker's bank?
Answer
As a banker's bank, RBI acts as a banker to commercial banks. It provides short-term loans and bill discounting facilities, advises banks on business matters, and requires commercial banks to keep a c…
Why is RBI called the lender of the last resort?
Answer
RBI is called the lender of the last resort because when a commercial bank cannot get funds from other banks, RBI provides financial help by granting loans or purchasing its securities.
What is the clearing house function of RBI?
Answer
RBI provides clearing house facility to commercial banks and settles their claims through book entries. Daily balances between banks are adjusted through debit and credit entries in their accounts wit…
What are the other important functions of RBI besides banking supervision?
Answer
RBI is the custodian of foreign exchange reserves and also helps maintain a stable exchange rate. It buys and sells foreign currencies to reduce wide fluctuations in exchange rates and supports the co…
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