What is the place where bankers meet to settle their mutual claims and accounts known as? - General Studies MCQ Indian Competitive Exams 2026 | ExamTest.live | ExamTest.live

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What is the place where bankers meet to settle their mutual claims and accounts known as?

A $Treasury$
B $Clearing House$
C $Collecting Center$
D $Dumping Ground$

Solution & Step-by-step Explanation

A clearing house is a centralized financial institution or venue where commercial banks assemble to offset and settle reciprocal transactions, payments, and credit instruments efficiently.

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What is the place where bankers meet to settle their mutual claims and accounts known as?

A

Treasury

B

Clearing House

C

Collecting Center

D

Dumping Ground

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Economics Banking Interbank Settlement

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