BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Foreign Banks
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Private Banks
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RBI
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Regional Rural Banks
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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: -Key Takeaways. The main purpose of the RBI is to conduct consolidated supervision of the financial sector in India, which is made up of commercial banks, financial institutions, and non-banking finance firms.
Detailed explanation-3: -State Bank of Sikkim only operates in Sikkim. It was established in 1968, 5 years before Sikkim acceded to India. State Bank of Sikkim is owned by the state government.
Detailed explanation-4: -The correct option is B Reserve Bank of India.
Detailed explanation-5: -NBFIs are a source of consumer credit (along with licensed banks). Examples of nonbank financial institutions include insurance firms, venture capitalists, currency exchanges, some microloan organizations, and pawn shops.