BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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RBI, commercial banks and SBI
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LIC and GIC
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Unit Trust of India
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Indigenous banks
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Detailed explanation-1: -The unorganized sector is made up of indigenous bankers, money lenders, traders, commission agents, etc., some of these components combine money lending with trade and other activities.
Detailed explanation-2: -The organised sector is mainly composed of the commercial banks, cooperative banks and discount houses, acceptance houses and land mortgage banks. The unorganised sector is largely outside the control of the Central Bank and is characterised by lack of uniformity in their business dealings.
Detailed explanation-3: -Key Differences Between Organised and Unorganised Sector Organised Sector is a sector where the employment terms are fixed and regular, and the employees get assured work. Unorganised sector is one where the employment terms are not fixed and regular, as well as the enterprises, are not registered with the government.
Detailed explanation-4: -Mutual Funds is not a part of Money Market.