Podcast
Questions and Answers
Which type of bank in India is responsible for regulating and controlling the monetary and banking system in the country?
Which type of bank in India is responsible for regulating and controlling the monetary and banking system in the country?
- Public Sector Banks
- Central Bank (correct)
- Regional Rural Banks
- Foreign Banks
What are the main services provided by commercial banks in India, as mentioned in the text?
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 (correct)
- Online and mobile banking services
- Investment products like mutual funds, stocks, and bonds
- Safekeeping of valuable items and documents
Which bank in India caters to rural and semi-urban areas and is owned by the government, commercial banks, and state governments?
Which bank in India caters to rural and semi-urban areas and is owned by the government, commercial banks, and state governments?
- Public Sector Banks
- Foreign Banks
- Private Sector Banks
- Regional Rural Banks (correct)
Which type of bank in India is privately owned and managed, such as HDFC Bank, ICICI Bank, and Axis Bank?
Which type of bank in India is privately owned and managed, such as HDFC Bank, ICICI Bank, and Axis Bank?
What is the main responsibility of the Reserve Bank of India (RBI) in the Indian banking system?
What is the main responsibility of the Reserve Bank of India (RBI) in the Indian banking system?
What is the main role of banking in the economy?
What is the main role of banking in the economy?
What are the main functions of banks in India?
What are the main functions of banks in India?
What is the primary function of banks in India?
What is the primary function of banks in India?
What is the purpose of accepting deposits by banks?
What is the purpose of accepting deposits by banks?
What do banks in India primarily enable through various payment methods like checks, debit/credit cards, and electronic transfers?
What do banks in India primarily enable through various payment methods like checks, debit/credit cards, and electronic transfers?
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