Podcast
Questions and Answers
What function does RBI perform when it extends banking services to semiurban and rural areas?
What function does RBI perform when it extends banking services to semiurban and rural areas?
Which type of deposit does RBI require all scheduled banks to maintain a certain minimum of cash reserves against?
Which type of deposit does RBI require all scheduled banks to maintain a certain minimum of cash reserves against?
In what capacity does RBI provide liquidity to banks experiencing financial difficulty?
In what capacity does RBI provide liquidity to banks experiencing financial difficulty?
What function of RBI involves ensuring the official rate of exchange of the rupee and stabilizing it?
What function of RBI involves ensuring the official rate of exchange of the rupee and stabilizing it?
Signup and view all the answers
What is possession utility?
What is possession utility?
Signup and view all the answers
Which type of utility is created due to a change in the shape or structure of an existing material?
Which type of utility is created due to a change in the shape or structure of an existing material?
Signup and view all the answers
What is the basis of demand according to the text?
What is the basis of demand according to the text?
Signup and view all the answers
When does service utility arise?
When does service utility arise?
Signup and view all the answers
Which type of bank came into existence with the enactment of the Co-operative Credit Societies Act of 1904?
Which type of bank came into existence with the enactment of the Co-operative Credit Societies Act of 1904?
Signup and view all the answers
What is the main purpose of development financial institutions diversifying their operations?
What is the main purpose of development financial institutions diversifying their operations?
Signup and view all the answers
What guidelines has the RBI issued for development financial institutions to become commercial banks?
What guidelines has the RBI issued for development financial institutions to become commercial banks?
Signup and view all the answers
Which group usually borrows money from money lenders, but has seen restrictions on money lending by RBI due to exploitative tendencies?
Which group usually borrows money from money lenders, but has seen restrictions on money lending by RBI due to exploitative tendencies?
Signup and view all the answers
