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Concept of Finance - Introduction to Indian financial system, Interdisciplinary issues in Indian Com Video Lecture | Interdisciplinary Issues in Indian Commerce - B Com

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FAQs on Concept of Finance - Introduction to Indian financial system, Interdisciplinary issues in Indian Com Video Lecture - Interdisciplinary Issues in Indian Commerce - B Com

1. What is the Indian financial system?
Ans. The Indian financial system refers to the structure and organization of the financial markets, institutions, and instruments in India. It includes various components such as banks, stock exchanges, non-banking financial companies, mutual funds, insurance companies, and regulatory bodies like the Reserve Bank of India (RBI) and Securities and Exchange Board of India (SEBI).
2. What are the interdisciplinary issues in the Indian financial system?
Ans. Interdisciplinary issues in the Indian financial system refer to the challenges and concerns that arise due to the interaction of finance with other disciplines. Some common interdisciplinary issues in the Indian financial system include the integration of technology in financial services, the impact of social and environmental factors on finance, the relationship between finance and law, and the role of psychology and behavioral economics in financial decision making.
3. How does the Reserve Bank of India (RBI) regulate the Indian financial system?
Ans. The Reserve Bank of India (RBI) is the central bank of India and plays a crucial role in regulating the Indian financial system. It formulates and implements monetary policies, issues and manages the currency, supervises banks and financial institutions, regulates payment systems, and acts as the lender of last resort. The RBI also plays a role in maintaining financial stability, ensuring the soundness of the banking system, and promoting financial inclusion.
4. What are non-banking financial companies (NBFCs) in India?
Ans. Non-banking financial companies (NBFCs) are financial institutions that provide banking services like loans, credit facilities, and investment products, but do not hold a banking license. NBFCs play a significant role in the Indian financial system by catering to the diverse financial needs of individuals and businesses. They are regulated by the Reserve Bank of India (RBI) and are subject to specific regulations and guidelines.
5. How does the Indian financial system support economic growth?
Ans. The Indian financial system plays a crucial role in supporting economic growth by facilitating the mobilization and allocation of financial resources. It provides a platform for savings and investment, enables the efficient transfer of funds, supports entrepreneurship and business development through access to credit, and promotes the efficient functioning of financial markets. A well-developed financial system is essential for capital formation, job creation, and overall economic development.
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