UPSC Exam > UPSC Videos > Indian Economy (Prelims) by Shahid Ali > Banking - Economics, UPSC IAS Exam Preparation
Banking - Economics, UPSC IAS Exam Preparation Video Lecture | Indian Economy (Prelims) by Shahid Ali
|
36 videos|62 docs|78 tests
|
FAQs on Banking - Economics, UPSC IAS Exam Preparation Video Lecture - Indian Economy (Prelims) by Shahid Ali
| 1. What is the role of banks in the economy? |  |
Ans. Banks play a crucial role in the economy by facilitating the flow of funds between savers and borrowers. They offer various financial services such as accepting deposits, granting loans, providing credit, and facilitating payments. Banks also contribute to economic growth by promoting investments, supporting businesses, and generating employment opportunities.
| 2. What is the significance of banking in the UPSC IAS exam? | |
Ans. Banking is an important topic in the UPSC IAS exam, especially in the Economics section. Candidates are expected to have a sound understanding of the functioning of banks, their role in the economy, monetary policies, and financial inclusion. Questions related to banking reforms, financial institutions, and their impact on the economy are frequently asked in the exam.
| 3. How can I prepare for banking-related questions in the UPSC IAS exam? | |
Ans. To prepare for banking-related questions in the UPSC IAS exam, candidates should start by studying the basic concepts of banking, types of banks, and their functions. They should also familiarize themselves with the latest developments in the banking sector, such as digital banking, payment systems, and financial inclusion initiatives. Reading newspapers, referring to standard banking textbooks, and practicing previous years' question papers can be helpful in preparation.
| 4. What are some key challenges faced by the banking sector in India? | |
Ans. The banking sector in India faces several challenges, including non-performing assets (NPAs) or bad loans, inadequate capitalization, frauds, and cyber threats. Other challenges include financial inclusion, ensuring credit availability to the unbanked population, and improving the efficiency of banking operations. Additionally, the sector must adapt to technological advancements and changing customer preferences to remain competitive.
| 5. What are some recent banking reforms implemented in India? | |
Ans. In recent years, several banking reforms have been implemented in India to strengthen the sector and address various issues. Some notable reforms include the introduction of the Insolvency and Bankruptcy Code (IBC) to resolve the issue of NPAs, the merger of public sector banks to improve efficiency and governance, the implementation of the Pradhan Mantri Jan Dhan Yojana (PMJDY) for financial inclusion, and the promotion of digital banking through initiatives like Unified Payments Interface (UPI) and Aadhaar-enabled payment systems.
Related Exams
About this Video
|
4.60/5 Rating |
|
Nov 21, 2024 Last updated |
Video Description: Banking - Economics, UPSC IAS Exam Preparation for UPSC 2024 is part of Indian Economy (Prelims) by Shahid Ali preparation.
The notes and questions for Banking - Economics, UPSC IAS Exam Preparation have been prepared according to the UPSC exam syllabus.
Information about Banking - Economics, UPSC IAS Exam Preparation covers all important topics for UPSC 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Banking - Economics, UPSC IAS Exam Preparation.
Introduction of Banking - Economics, UPSC IAS Exam Preparation in English is available as part of our Indian Economy (Prelims) by Shahid Ali for UPSC & Banking - Economics, UPSC IAS Exam Preparation in
Hindi for Indian Economy (Prelims) by Shahid Ali course. Download more important topics related with notes, lectures and mock test series for
UPSC Exam by signing up for free.
Description
Video Lecture & Questions for Banking - Economics, UPSC IAS Exam Preparation Video Lecture | Indian Economy (Prelims) by Shahid Ali - UPSC full syllabus preparation | Free video for UPSC exam to prepare for Indian Economy (Prelims) by Shahid Ali.
Information about Banking - Economics, UPSC IAS Exam Preparation
Here you can find the meaning of Banking - Economics, UPSC IAS Exam Preparation defined & explained in the simplest way possible.
Besides explaining types of Banking - Economics, UPSC IAS Exam Preparation theory, EduRev gives you an ample number of questions to practice Banking - Economics, UPSC IAS Exam Preparation tests,
examples and also practice UPSC tests.
|
36 videos|62 docs|78 tests
|
|
Explore Courses for UPSC exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
Exam
,MCQs
,Banking - Economics
,ppt
,mock tests for examination
,Extra Questions
,Viva Questions
,Banking - Economics
,Objective type Questions
,Important questions
,Banking - Economics
,Semester Notes
,UPSC IAS Exam Preparation Video Lecture | Indian Economy (Prelims) by Shahid Ali
,Summary
,UPSC IAS Exam Preparation Video Lecture | Indian Economy (Prelims) by Shahid Ali
,Free
,study material
,past year papers
,video lectures
,practice quizzes
,UPSC IAS Exam Preparation Video Lecture | Indian Economy (Prelims) by Shahid Ali
,Sample Paper
,shortcuts and tricks
,Previous Year Questions with Solutions
;
Study Banking - Economics, UPSC IAS Exam Preparation on the App
Students of UPSC can study Banking - Economics, UPSC IAS Exam Preparation alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Banking - Economics, UPSC IAS Exam Preparation,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Banking - Economics, UPSC IAS Exam Preparation is prepared as per the latest UPSC syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup on EduRev and stay on top of your study goals
10M+ students crushing their study goals daily