New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    What is the main function of Clearing Corporation of

    India Limited?
    A Giving clearance to corporations wishing to fetch banking license Correct Answer Incorrect Answer
    B Clearance of NEFT and RTGS transactions Correct Answer Incorrect Answer
    C Clearance of Cheques Correct Answer Incorrect Answer
    D clearing and settlement functions concerning transactions in G-Secs, money, derivative markets, and foreign exchange Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    The Clearing Corporation of India Ltd was established to render guaranteed clearing and settlement functions concerning transactions in G-Secs, money, derivative markets, and foreign exchange.

    Practice Next

    Relevant for Exams: