Advertisements
Advertisements
Question
Find the odd word
Organized sector -
Options
Co-operative banks
Commercial banks
Money lenders
Reserve Bank of India
Solution
Money lenders
RELATED QUESTIONS
Complete the following statement:
Commercial banks act as intermediaries in the financial system to ______.
Complete the correlation:
______ : Central bank :: SBI : Commercial Bank
Assertion (A): Foreign exchange management and control is undertaken by commercial banks.
Reasoning (R): RBI has to maintain the official rate of exchange of the rupee and ensure its stability.
Explain the functions of RBI.
Structure of organized sector of money market:
- Reserve Bank of India
- Commercial banks
- Co-operative banks
- Indigenous bankers
Classification of commercial banks in India:
- Public sector banks
- Private sector banks
- Foreign banks
- Central bank
______ : Commercial bank :: Credit control : Central bank
Deposits that are repayable after a certain period of time –
Deposits that are withdrawable on demand are known as ______.
Assertion (A): Credit control is an important function of commercial banks.
Reasoning (R): Commercial banks create deposits out of loans given thereby leading to credit creation.
Identify & explain the concept from the given illustration.
AVM bank provides d-mat facility, internet banking, and mobile banking facilities to its customers.
Explain the structure of organized sector of money market in India
State with reason whether you agree or disagree with the following statement:
Issue of currency notes is the only function of Reserve Bank of India.
State with reason whether you agree or disagree with the following statement:
Commercial banks create credit.
PASSAGE
Post-liberalization, public sector banks have diversified into non- traditional activities such as mutual funds, merchant banking, venture capital funding etc. There is also growth in parabanking activities such as leasing, hire-purchase and factoring services.
Merchant banking includes issue management, project counselling, working capital financing, foreign currency loans, portfolio management etc.
Retail banking offers financial services to individuals for personal consumption such as housing loans, loans for purchase of consumer durables, auto loans, educational loans, credit cards etc.
Banks have been permitted to enter into the life insurance business.
- Identify the areas of diversification undertaken by public sector banks post-liberalization (1 mark)
- Mention the financial services offered under retail banking. (1mark)
- Give your personal opinion based on the above passage. (2 marks)
Give an economic term:
Deposits that are withdrawable on demand.
