BANKING GENERAL KNOWLEDGE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Regional Rural Bank
|
|
|
Private Sector Bank
|
|
|
Foreign Bank
|
|
|
Co-operative Bank
|
Detailed explanation-1: -The Reserve Bank of India is not a commercial bank because it is the central bank of India with the authority to issue currency in the country.
Detailed explanation-2: -Commercial banks are of three types i.e., Public sector banks, Private sector banks and Foreign banks.
Detailed explanation-3: -Primary Cooperative Banks which are otherwise known as Urban Cooperative Banks are registered as Cooperative Societies under the Cooperative Societies Acts of the concerned States or the Multi-State Cooperative Societies Act function in urban areas and their business is similar to that of Commercial Banks.
Detailed explanation-4: -Expert-Verified Answer. A Savings bank is not a type of bank.
Detailed explanation-5: -Hence, Issuing of Notes is not the function of a Commercial Bank.