MCQs on Types of Banks

What is the primary function of commercial banks?

• Issuing currency

• Providing long-term loans to industries

• Accepting deposits and lending money

• Regulating monetary policy

Which type of bank primarily deals with foreign exchange and international trade?

• Retail Bank

• Investment Bank

• Export-Import Bank

• Co-operative Bank

Which of the following is an example of a central bank?

• SBI

• Federal Reserve

• HDFC Bank

• ICICI Bank

Regional Rural Banks (RRBs) are established to serve which sector?

• Urban businesses

• Rural and agricultural sector

• Large corporations

• IT industries

Which bank is responsible for regulating the money supply in a country?

• Commercial Bank

• Development Bank

• Central Bank

• Regional Rural Bank

Investment banks primarily focus on:

• Retail banking services

• Corporate finance and capital market activities

• Issuing debit and credit cards

• Agricultural lending

Co-operative banks mainly serve which category of customers?

• Large industries

• Government organizations

• Small businesses and individuals in local areas

• International traders

What is the main objective of development banks?

• Accepting savings deposits

• Providing long-term finance for economic development

• Offering mobile banking services

• Regulating inflation

Which type of bank provides loans to farmers at a lower interest rate?

• Commercial Bank

• Agricultural Bank

• Central Bank

• Investment Bank

Which of the following is NOT a function of the central bank?

• Controlling inflation

• Lending directly to individuals

• Issuing currency

• Regulating commercial banks