Banking System in India

Economics ⇒ Money and Banking

Banking System in India starts at 10 and continues till grade 12. QuestionsToday has an evolving set of questions to continuously challenge students so that their knowledge grows in Banking System in India. How you perform is determined by your score and the time you take. When you play a quiz, your answers are evaluated in concept instead of actual words and definitions used.

See sample questions for grade 10

Define 'credit creation' by commercial banks.

Explain the difference between public sector banks and private sector banks in India.

Explain the difference between scheduled and non-scheduled banks in India.

Explain the process of opening a bank account in India.

Explain the term 'bank rate'.

Explain the term 'cash reserve ratio' (CRR).

Explain the term 'monetary policy'.

Explain the term 'statutory liquidity ratio' (SLR).

Which of the following is a cooperative bank? (1) Punjab National Bank (2) State Bank of India (3) Saraswat Bank (4) HDFC Bank

Which of the following is a function of commercial banks? (1) Issuing currency (2) Accepting deposits (3) Printing money (4) Framing monetary policy

Which of the following is a function of the Reserve Bank of India? (1) Accepting deposits from the public (2) Controlling credit (3) Providing insurance (4) Selling gold

Which of the following is a private sector bank in India? (1) Bank of India (2) Canara Bank (3) ICICI Bank (4) Union Bank of India

Fill in the blank: The ________ Act, 1949 regulates the functioning of banks in India.

Fill in the blank: The ________ acts as the lender of last resort in India.

Fill in the blank: The ________ is responsible for issuing currency notes in India.

Fill in the blank: The ________ is responsible for the regulation and supervision of microfinance institutions in India.

True or False: Commercial banks can create money through the process of credit creation.

True or False: Cooperative banks in India are owned and operated by their members.

True or False: Private sector banks are owned by the government of India.

True or False: Scheduled banks are required to maintain a certain amount of reserves with the RBI.