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 11

Describe the role of cooperative banks in the Indian banking system.

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

Explain the difference between quantitative and qualitative credit control methods used by the RBI.

Explain the process of credit creation by commercial banks.

Explain the term 'bank rate' in the context of the Indian banking system.

Explain the term 'monetary policy' as used in the context of the Indian banking system.

Explain the term 'repo rate' in the context of the Indian banking system.

Explain the term 'statutory liquidity ratio' (SLR) in the Indian banking system.

Which of the following banks is an example of a public sector bank in India? (1) ICICI Bank (2) HDFC Bank (3) Punjab National Bank (4) Axis Bank

Which of the following is a function of the RBI as a banker to banks? (1) Accepting deposits from the public (2) Providing loans to the government (3) Providing clearing house facilities (4) Selling insurance policies

Which of the following is a function of the Reserve Bank of India? (1) Accepting public deposits (2) Issuing currency notes (3) Providing personal loans (4) Selling insurance policies

Which of the following is a liability for a commercial bank? (1) Loans given to customers (2) Fixed deposits from customers (3) Investments in government securities (4) Buildings owned by the bank

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

Fill in the blank: The ________ is known as the banker to the government in India.

Fill in the blank: The ________ is responsible for the licensing and regulation of banks in India.

Fill in the blank: The ________ is responsible for the monetary policy in India.

True or False: Cooperative banks in India are regulated only by the Reserve Bank of India.

True or False: Regional Rural Banks (RRBs) are established to serve the banking needs of urban areas.

True or False: Scheduled banks are those banks which are included in the Second Schedule of the Reserve Bank of India Act, 1934.

True or False: The main objective of commercial banks is profit maximization.