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Banking Sector- 1 Video Lecture | Indian Economy for UPSC CSE
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FAQs on Banking Sector- 1 Video Lecture - Indian Economy for UPSC CSE
| 1. What are the different types of financial institutions in the banking sector? |  |
| 2. What are the key functions of commercial banks in the banking sector? | |
Ans. Commercial banks in the banking sector provide services such as accepting deposits, granting loans, offering investment products, and facilitating international trade.
| 3. How does the central bank influence the banking sector? | |
Ans. The central bank plays a crucial role in regulating the banking sector by setting monetary policy, controlling inflation, and supervising financial institutions to maintain stability in the economy.
| 4. What are the major challenges faced by the banking sector in today's economy? | |
Ans. Some of the challenges faced by the banking sector include cybersecurity threats, regulatory compliance, competition from fintech companies, and managing risks associated with lending and investments.
| 5. How does the banking sector contribute to economic growth and development? | |
Ans. The banking sector promotes economic growth by providing financial services, mobilizing savings, facilitating investments, and supporting businesses and individuals in achieving their financial goals.
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