UPSC Exam > UPSC Videos > Indian Economy for UPSC CSE > Functions of Banking: Money & Banking
Functions of Banking: Money & Banking Video Lecture | Indian Economy for UPSC CSE
|
110 videos|315 docs|136 tests
|
FAQs on Functions of Banking: Money & Banking Video Lecture - Indian Economy for UPSC CSE
| 1. What is the role of banks in the economy? |  |
Ans. Banks play a crucial role in the economy by facilitating financial transactions, providing loans and credit, safeguarding deposits, and supporting economic growth through various financial services.
| 2. How do banks create money? | |
Ans. Banks create money through the process of fractional reserve banking. When a bank receives a deposit, it keeps only a fraction of it as reserves and lends out the rest. This lending creates new money in the form of bank deposits.
| 3. What are the main functions of commercial banks? | |
Ans. Commercial banks perform several functions, including accepting deposits, providing loans and credit, facilitating domestic and international fund transfers, issuing credit cards, managing investments, and offering financial advisory services.
| 4. How do banks manage the risks associated with lending? | |
Ans. Banks manage lending risks through thorough credit analysis and risk assessment of borrowers. They evaluate factors such as credit history, income stability, collateral, and repayment capacity. Additionally, banks diversify their loan portfolios, maintain sufficient capital reserves, and use risk management techniques to mitigate potential losses.
| 5. What is the impact of banking on individuals and businesses? | |
Ans. Banking has a significant impact on individuals and businesses. For individuals, banks provide a safe place to deposit money, access to credit for various needs, and convenient payment methods. For businesses, banks offer financing options, cash management services, international trade support, and financial advice, which are crucial for their growth and operations.
Related Exams
About this Video
|
1.8K Views |
|
4.83/5 Rating |
|
Dec 21, 2024 Last updated |
Video Description: Functions of Banking: Money & Banking for UPSC 2024 is part of Indian Economy for UPSC CSE preparation.
The notes and questions for Functions of Banking: Money & Banking have been prepared according to the UPSC exam syllabus.
Information about Functions of Banking: Money & Banking covers all important topics for UPSC 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Functions of Banking: Money & Banking.
Introduction of Functions of Banking: Money & Banking in English is available as part of our Indian Economy for UPSC CSE for UPSC & Functions of Banking: Money & Banking in
Hindi for Indian Economy for UPSC CSE 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 Functions of Banking: Money & Banking Video Lecture | Indian Economy for UPSC CSE - UPSC full syllabus preparation | Free video for UPSC exam to prepare for Indian Economy for UPSC CSE.
Information about Functions of Banking: Money & Banking
Here you can find the meaning of Functions of Banking: Money & Banking defined & explained in the simplest way possible.
Besides explaining types of Functions of Banking: Money & Banking theory, EduRev gives you an ample number of questions to practice Functions of Banking: Money & Banking tests,
examples and also practice UPSC tests.
|
110 videos|315 docs|136 tests
|
Video Timeline
|
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
Functions of Banking: Money & Banking Video Lecture | Indian Economy for UPSC CSE
,MCQs
,Extra Questions
,video lectures
,Functions of Banking: Money & Banking Video Lecture | Indian Economy for UPSC CSE
,Viva Questions
,Previous Year Questions with Solutions
,Summary
,Sample Paper
,Exam
,study material
,mock tests for examination
,Functions of Banking: Money & Banking Video Lecture | Indian Economy for UPSC CSE
,Objective type Questions
,practice quizzes
,ppt
,past year papers
,Important questions
,Semester Notes
,Free
,shortcuts and tricks
;
Study Functions of Banking: Money & Banking on the App
Students of UPSC can study Functions of Banking: Money & Banking alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Functions of Banking: Money & Banking,
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 Functions of Banking: Money & Banking is prepared as per the latest UPSC syllabus.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup