10 Questions
Which type of bank in India is responsible for regulating and controlling the monetary and banking system in the country?
Central Bank
What are the main services provided by commercial banks in India, as mentioned in the text?
Various services like savings and current accounts, loans, and investments
Which bank in India caters to rural and semi-urban areas and is owned by the government, commercial banks, and state governments?
Regional Rural Banks
Which type of bank in India is privately owned and managed, such as HDFC Bank, ICICI Bank, and Axis Bank?
Private Sector Banks
What is the main responsibility of the Reserve Bank of India (RBI) in the Indian banking system?
Regulating and controlling the monetary and banking system
What is the main role of banking in the economy?
Facilitating the flow of money and enabling economic activities
What are the main functions of banks in India?
Facilitating transactions and providing investment services
What is the primary function of banks in India?
Lending money to individuals and businesses for various purposes
What is the purpose of accepting deposits by banks?
To provide a safe place for individuals and businesses to deposit their money
What do banks in India primarily enable through various payment methods like checks, debit/credit cards, and electronic transfers?
Transactions and payments
Test your knowledge of banking services and the functions of banks with this quiz. Explore topics such as deposit acceptance, lending, transactions, and financial products offered by banks.
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