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Gd 8 Sep 20

A vibrant illustration depicting the Reserve Bank of India building with elements representing commercial banking, currency, and financial transactions, against a backdrop of the Indian flag.

Understanding India's Banking System

Test your knowledge about the structure and functions of India's banking system with this engaging quiz! From central banking to commercial banking, this quiz covers essential topics that are crucial for anyone interested in finance and economics.

Quiz Highlights:

6 multiple-choice questions
Learn about the Reserve Bank of India
Understand the roles of commercial banks

6 Questions2 MinutesCreated by LearningGuru524

Name:

Which is the central bank of India?

Reserve Bank of India

Royal bank of India

Resident Bank of India

Which of the following statement is correct?RBI

RBI prints currency

Commercial banks prints currency

State govt. Prints currecny

A commercial bank is appointed to act as a country’s central bank.What new function would

it now have?

Controlling monetary policy

Dealing in foreign exchange

Ensuring security for loans

Holding liquid assets

What can be done to encourage the banks to park their funds with the RBI?

Increase reverse repo rate

Decrease repo rate

Decrease reverse repo rate

Increase repo rate

Which statement about a country’s banks is correct?

Commercial banks hold the financial accounts of the government.

Commercial banks settle debts by clearing customers’ cheques.

The central bank sets the government’s tax and spending policies.

The central bank supplies foreign currency to members of the public

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