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    Question

    The structure of the banking system in India can be

    best described as:
    A A centralized structure with the RBI controlling all functions Correct Answer Incorrect Answer
    B A decentralized structure with regional banks managing individual states Correct Answer Incorrect Answer
    C A mixed structure with public sector, private sector, and foreign banks Correct Answer Incorrect Answer
    D A fully privatized structure with only private banks Correct Answer Incorrect Answer
    E A monolithic structure where the central government controls all activities Correct Answer Incorrect Answer

    Solution

    The banking system in India includes public sector banks (e.g., SBI), private sector banks (e.g., HDFC Bank), and foreign banks (e.g., Citibank), offering a diverse and competitive structure.

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