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Which of the following banks is known as the "banker's bank" in India?

• State Bank of India 

• Reserve Bank of India 

• ICICI Bank 

• Punjab National Bank

What type of bank is allowed to offer only basic banking services without involving in lending activities?

• Commercial Banks 

• Payment Banks 

• Regional Rural Banks 

• Cooperative Banks

Which of the following is a primary function of commercial banks in India?

• Issuing currency notes 

• Formulating monetary policy 

• Accepting deposits and granting loans 

• Regulating stock exchanges

What is the main characteristic of a recurring deposit (RD)?

• Lump sum deposit at once 

• Regular monthly deposits 

• Regular monthly deposits 

• Free from tax deductions

Which service allows customers to deposit cash after banking hours?

• Mobile Banking 

• ATM 

• Internet Banking 

• Doorstep Banking

Who is responsible for formulating monetary policy in India?

• Ministry of Finance 

• Reserve Bank of India 

• Securities and Exchange Board of India 

• Planning Commission

Which of the following is an instrument of monetary policy?

• Tax rates 

• Foreign exchange rates 

• Repo rate 

• Trade tariffs

What does CRR stand for in the context of banking?

• Cash Reserve Ratio 

• Credit Reserve Ratio 

• Currency Reserve Ratio 

• Capital Reserve Ratio

Which initiative was launched to ensure access to financial services for all households in India?

• Pradhan Mantri Awas Yojana 

• Pradhan Mantri Jan Dhan Yojana 

• Make in India 

• Digital India

Financial Inclusion aims to provide which of the following services to underserved populations?

• Credit and savings 

• Insurance

• Payment and remittance 

• All of the above