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 12

Describe the process of credit creation by commercial banks.

Explain the difference between demand deposits and time deposits.

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

Explain the process of nationalisation of banks in India.

Explain the role of the RBI as a banker to banks.

Explain the term 'Lender of Last Resort' with reference to the RBI.

Explain the term 'Scheduled Bank'.

Explain the term 'Statutory Liquidity Ratio' (SLR).

Which of the following is a development bank in India? (1) State Bank of India (2) NABARD (3) HDFC Bank (4) ICICI Bank

Which of the following is a function of cooperative banks in India? (1) Providing loans to large industries (2) Accepting deposits from members (3) Issuing currency notes (4) Regulating monetary policy

Which of the following is a function of the Reserve Bank of India? (1) Accepting deposits from the public (2) Issuing currency notes (3) Providing insurance services (4) Collecting taxes

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

Fill in the blank: The ________ acts as the lender of last resort in the Indian banking system.

Fill in the blank: The ________ is responsible for regulating and supervising the monetary and financial system in India.

Fill in the blank: The ________ is responsible for the supervision of Regional Rural Banks in India.

Fill in the blank: The ________ is the apex cooperative bank in India.

True or False: Cooperative banks in India operate only in rural areas.

True or False: Regional Rural Banks (RRBs) are established to provide banking services in urban areas only.

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 aim of the Lead Bank Scheme is to coordinate the activities of banks and other development agencies in a district.