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Questions and Answers
What is the main function of a commercial bank?
What is the main function of a commercial bank?
- Granting easy credit to the farmers
- Issuing currency in the country
- Accepting deposits from the public and giving short-period loans (correct)
- Running on a cooperative basis
According to the Indian Banking Regulation Act, 1949, how does it define the activity of a bank?
According to the Indian Banking Regulation Act, 1949, how does it define the activity of a bank?
- Issuing currency in the country
- Running on a cooperative basis
- Granting easy credit to the farmers
- Accepting deposits of money from the public and lending to households, firms, and government (correct)
What is the role of a central bank in a country's banking and financial structure?
What is the role of a central bank in a country's banking and financial structure?
- Accepting deposits from the public and giving short-period loans
- Controlling and regulating the banking and financial structure of the country (correct)
- Granting easy credit to the farmers
- Running on a cooperative basis
What is the primary purpose of cooperative banks?
What is the primary purpose of cooperative banks?
Which type of bank creates deposit money and credit money through its operations?
Which type of bank creates deposit money and credit money through its operations?
What distinguishes a central bank from other types of banks?
What distinguishes a central bank from other types of banks?
What is the primary function of a commercial bank?
What is the primary function of a commercial bank?
Which type of deposit is known as demand deposit?
Which type of deposit is known as demand deposit?
What is the purpose of Exim banks?
What is the purpose of Exim banks?
What is the main function of land development banks?
What is the main function of land development banks?
Who are the primary holders of current account deposits?
Who are the primary holders of current account deposits?
Which type of deposit supports international trade and business transactions?
Which type of deposit supports international trade and business transactions?
What is the purpose of regional rural banks?
What is the purpose of regional rural banks?
What do saving account deposits support in the Indian economy?
What do saving account deposits support in the Indian economy?
What is the role of exchange rate in the context of foreign trade?
What is the role of exchange rate in the context of foreign trade?
What is the main source of resources for a commercial bank?
What is the main source of resources for a commercial bank?
