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प्रश्न
Deposits made by the people from their own resources are called ______.
विकल्प
Primary deposits
Secondary deposits
Time deposits
None of these
उत्तर
Deposits made by the people from their own resources are called Primary deposits.
Explanation:
Primary deposits are deposits made by people using their own funds, such as when they deposit money into their bank accounts.
संबंधित प्रश्न
Credit creation by commercial banks is determined by (Choose the correct alternative)
Do you consider a commercial bank ‘creator of money’ in the economy’?
Answer the following question.
Explain, using a numerical example, how a reduction in reserve deposit ratio, affects the credit creation power of the banking system.
The process of money creation or credit creation is done by ______.
Access to adequate and timely credit at affordable rates is critical for the rural poor to alleviate high cost debt and invest in livelihood opportunities. Despite the Government of India's best efforts, financial inclusion of the rural poor has been beset with multiple challenges. Lack of adequate banking infrastructure and human resources in rural areas, unplanned expansion leading to unviable bank branches and low levels of financial literacy amongst the rural populace have been some of the key challenges.
The most vulnerable communities, who often had no formal credit history or ability to provide collateral, have often been the worst affected. Inability to access loans from banks meant that the poorest had to resort to moneylenders for loans at unreasonably high rates of interest that invariably led them into a toxic debt trap.
In this context, the SHG-Bank Linkage programme, formalised by the National Bank for Agriculture and Rural Development (NABARD) in 1995, synthesizes 'formal financial systems' (in terms of a formal institution providing credit) with the 'informal sector' (comprising of rural poor with no formal credit history), has emerged as a preferred vehicle for providing financial services to the hitherto unbanked poor.
Community Based Repayment Mechanisms (CBRMs) have been institutionalised at branches involved in financing SHGs to monitor and ensure timely repayment of loans by SHGs. The number of SHGs with outstanding bank loans stands at nearly 5 million today, implying that the program has brought formal banking services to over 50 million women.
There are two statements given below, marked as Assertion (A) and Reason (R). Read the statements and choose the correct option.
Assertion (A): Micro-credit can help empower women and make them financially independent.
Reason (R): Micro-credit involves small loans provided at reasonable interest rates that can help people start their own ventures.
The ratio of total deposits that a commercial bank has to keep with Reserve Bank of India is called ______.
Credit money is increased when CRR:
State the advantage of a credit card over currency notes.
Explain briefly the process of credit creation by commercial banks.
What is money multiplier?
