24 Questions
Distinguish between Public Sector Bank and Private Sector Bank.
Public Sector Banks are owned by the government, while Private Sector Banks are owned by private individuals or corporations.
What are the principles of Banking?
The principles of Banking include safety, liquidity, and profitability.
Explain the Traditional Functions of Central Bank.
The traditional functions of a Central Bank include issuing currency, acting as banker to the government, and controlling credit.
Discuss the causes of Bank failures.
Bank failures can be caused by poor risk management, economic downturns, or fraud.
What are the features of Retail Banking?
Retail Banking focuses on individual customers and offers services like savings accounts, loans, and credit cards.
When was the Rural Infrastructure Development Fund established?
The Rural Infrastructure Development Fund was established in the financial year ________.
Elaborate on the features of Corporate Banking.
Corporate Banking deals with larger businesses and provides services like project financing, cash management, and trade finance.
What type of deposit is a time deposit?
Time deposit.
Who do retail banks serve the needs of?
Retail banks serve the needs of _____________.
In which year was the Banking Ombudsman scheme revised?
In ____________ year, the Banking Ombudsman scheme was revised.
Which of the following is a Regional Rural Bank?
Regional Rural Bank.
What type of bank is Indian Overseas Bank?
Public sector bank.
Explain the role of NABARD in Micro Finance sector.
NABARD provides refinance facilities to institutions providing microfinance to farmers and rural artisans.
Describe the challenges faced by the Micro Finance Industry.
Some challenges include high cost of funds, lack of awareness among borrowers, and operational sustainability.
Discuss the advantages of Financial Inclusion.
Financial inclusion promotes economic growth, reduces poverty, and enhances access to financial services for all.
Explain the role of SIDBI in Micro Finance sector.
SIDBI provides financial assistance and refinancing to institutions engaged in microfinance activities.
Discuss the measures taken by RBI for Financial Inclusion.
RBI has introduced initiatives like no-frills accounts, mobile banking, and financial literacy programs to promote financial inclusion.
Discuss the measures taken by RBI & NABARD for Financial Inclusion.
RBI and NABARD collaborate on various schemes like SHG-Bank Linkage Program to enhance financial inclusion in rural areas.
What are the features of Rural Banking?
Some features of Rural Banking include providing financial services in rural areas, promoting financial inclusion, and supporting agricultural and rural development.
Explain the importance of Rural Banking.
Rural Banking is important for promoting financial access in rural areas, supporting agriculture, and fostering economic development.
What are the powers and duties of the Banking Ombudsman?
The Banking Ombudsman has the power to resolve customer complaints against banks and ensure compliance with banking regulations.
Describe the advantages of Universal Banking.
Universal Banking offers diversification of services, economies of scale, and enhanced customer convenience through a one-stop financial shop.
Explain the term Branchless Banking.
Branchless Banking refers to providing banking services without physical branches, often using technology like mobile phones or agents.
Discuss the services offered by Merchant Banking.
Merchant Banking services include capital raising, corporate advisory, mergers and acquisitions, and underwriting securities.
Test your knowledge on the principles and functions of banking, including distinctions between organized and unorganized sectors, traditional functions of central banks, supervisory functions, public versus private sector banks, RBI's guidelines, emerging trends, causes of bank failures, and current developments in the banking sector.
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