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).

Name any two types of accounts that can be opened in a bank.

What is the full form of ATM in banking?

What is the main difference between a savings account and a current account?

What is the main function of a commercial bank?

What is the main objective of the Reserve Bank of India?

What is the main purpose of regional rural banks (RRBs) in India?

What is the meaning of 'financial inclusion'?

What is the meaning of 'lender of last resort'?

What is the role of the Reserve Bank of India in foreign exchange management?