The first public bank was
SBI
Rural Bank
PNB
Bank of Venice
A scheduled commercial bank is one :
Which is included in the Second Schedule of the RBI Act 1934
Which is included in the Banking Regulation Act, 1949
Both (a) and (b)
None of the above
When money is deposited at fixed intervals for a fixed period it is called
Savings deposit
Current deposit
Recurring deposit
Fixed deposit
Head quarters of RBI is in
Mumbai
Chennai
New Delhi
Kolkata
_________ helps to promote saving habits of the people.
On the basis of functions, banks are classified into ___________ types.
5
3
2
7
It acts as a medium of exchange, a measure of value, a standard of deferred payment and a store of value.
Income
Profit
Money
Interest
The apex bank operating for agricultural and rural development.
NABARD
Reserve Bank
ICICI Bank
In India, financial year begins on
January 1
April 1
September 1
December 1
The institutions which operate in the financial sector but not rendering banking services are called
Non-Banking Financial Institutions
Micro finance
State Bank of India
