Question
What function do commercial banks in India perform?
Solution
Commercial banks in India perform various functions, including accepting deposits, making loans, and providing other banking services. One of their key functions is credit creation, where they create new money by making loans to borrowers, thereby increasing the money supply in the economy. The Reserve Bank of India (RBI) issues currency, provides banking services to the government, and regulates credit in the economy, but these are not functions of commercial banks.
SVAMITVA Scheme of the Ministry of Panchayati Raj is a Central Sector Scheme that has significantly contributed to the empowerment of rural communities ...
DICGC is a wholly-owned subsidiary of ____________.
The acronym SRO, being used in the capital market for various market participants, stands for which one of the following?
Which of the following statements are correct?
1. Ability to pay principle of taxation holds that the amount of taxes people pay should relate to...
All single payment transactions of Rs. ______ crore and above undertaken by entities (non-individuals) should include remitter and beneficiary LEI info...
Which of the following best describes the primary purpose of the ASBA process?
Which of the following is the difference between all receipts and expenses in both revenue and capital account of the Government?
Digilocker is an initiative under the Digital India Program by which ministry?
When was the first phase of the India Post Payment bank inaugurated?
Which Indian institution launches the Digital Payments Index (DPI)?
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