What term is used to describe a bank that primarily accepts deposits and provides loans? | Card: 1 / 22 |
Fill in the blank: The Reserve Bank of India serves as the ___ authority overseeing the banking system. | Card: 3 / 22 |
True or False: Non-Performing Assets (NPA) are assets that generate regular income for banks. | Card: 5 / 22 |
What was the primary purpose of establishing Regional Rural Banks (RRBs) in India? | Card: 7 / 22 |
Fill in the blank: The majority of the share capital in public sector banks is held by the ___ government. | Card: 9 / 22 |
What significant role do commercial banks play in the economic development of developing countries? | Card: 11 / 22 |
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They mobilize savings, finance industries, and support agriculture, trade, and employment generation. | Card: 12 / 22 |
Which act governs the establishment and functioning of cooperative banks in India? | Card: 13 / 22 |
True or False: The Khusrau Committee recommended that Regional Rural Banks should continue to operate independently without any mergers. | Card: 15 / 22 |
What is the main difference between scheduled commercial banks and cooperative banks? | Card: 17 / 22 |
Scheduled commercial banks operate for profit, while cooperative banks operate on a no-profit no-loss basis. | Card: 18 / 22 |
Fill in the blank: The primary income source for banks is ___ income from loans and advances. | Card: 19 / 22 |






