Question

The structure of the banking system in India can be best described as:

Q: Answer-The structure of the banking system in India can be best described as:

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.

A A centralized structure with the RBI controlling all functions

B A decentralized structure with regional banks managing individual states

C A mixed structure with public sector, private sector, and foreign banks

D A fully privatized structure with only private banks

E A monolithic structure where the central government controls all activities

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The structure of the banking system in India can be best described as:

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