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Banking Sector- 1 Video Lecture | Indian Economy for UPSC CSE

140 videos|315 docs|136 tests

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?
Ans. The banking sector includes various types of financial institutions such as commercial banks, credit unions, investment banks, and online banks.
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.
140 videos|315 docs|136 tests

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