When money is deposited at fixed intervals for a fixed period it is called
Savings deposit
Current deposit
Recurring deposit
Fixed deposit
On the basis of functions, banks are classified into ___________ types.
5
3
2
7
The first public bank was
SBI
Rural Bank
PNB
Bank of Venice
Characteristic of Good Banking System
Regulation of credit
Advancing of loans
Accepting deposits
Modernisation
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 which Central bank function?
Issue of paper currency
Lending of money
To deal in bills
To accept deposits
The largest commercial bank in India.
State Bank of India
South Indian Bank
Co-operative Bank
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
The objective of _________ is to extend financial services to low income groups.
LIC
Micro finance
ICICI