BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Public sector Banks
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Foreign Banks
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Private Sector Banks
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All of the above
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Detailed explanation-1: -Commercial Banks can be further classified into public sector banks, private sector banks, foreign banks and Regional Rural Banks (RRB). On the other hand, cooperative banks are classified into urban and rural.
Detailed explanation-2: -Commercial banks are of three types i.e., Public sector banks, Private sector banks and Foreign banks.
Detailed explanation-3: -The 4 different types of banks are Central Bank, Commercial Bank, Cooperative Banks, Regional Rural Banks.
Detailed explanation-4: -A commercial bank is a kind of financial institution which carries out all the operations related to deposit and withdrawal of money for the general public, providing loans for investment, etc. These banks are profit-making institutions and do business only to make a profit.
Detailed explanation-5: -Commercial banks can be broadly divided into public sector, private sector, foreign banks and RRBs.