BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Mumbai
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Pune
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Chennai
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New Delhi
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Detailed explanation-1: -The banking system of India consists of the central bank (Reserve Bank of India-RBI), commercial banks, cooperative banks and development banks (development finance institutions). These institutions, which provide a meeting ground for the savers and the investors, form the core of India’s financial sector.
Detailed explanation-2: -The effort was sup-ported by country’s official think tank, NITI Aayog as the knowledge partner.
Detailed explanation-3: -Financial Security: Indian banking system provides financial security to the people by providing loans at competitive rates, paying reliable remittance services, etc. It helps people save their money and invest it in different financial instruments like Government securities, long-term bonds, etc.