Banking

___________ act as a bridge between savers and borrowers.

• Mobile companies

• Banks

• Courier company

• Railway

In the circular flow of economy, banks act as a

• Financial intermediary

• Agent

• office

• None of these

The bank which regulate banking industry is called

• State Bank

• Central Bank

• Icici Bank

• HdFC bank

The central bank of India is

• State bank of India

• Bank of Bikaner

• Axis Bank

• Reserve Bank of India

Lender of last resort is the function of

• Commercial Banks

• Central Bank

• Government

• None of these

Only Public Sector Bank can be a scheduled bank.

• True

• False

• Partly true

• None of these

Banks providing retail banking services to customer are called

• Central bank

• Commercial bank

• Blood bank

• Eye bank

Accepting deposit and granting loan is the ______ of commercial banks.

• Primary function

• Secondary function

• Agency function

• Utility function

No interest is paid on _______ deposit

• Savings

• Recurring

• Fixed

• Current

KYC stands for

• Know your consumer

• Know your client

• Know your customer

• Know your coach