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.
Which is not correct about New Development Bank (NDB)?
An increase in savings in an economy typically leads to which of the following?Â
India and which other country have agreed to initiate joint research and development on green fuels including green hydrogen in January 2022?
Which of the following statements is correct about the calculation of national income?
What type of investment are Treasury Bills (T-bills)?
National Income was first estimated by
The Marginal cost of production of a commodity is
Which of the following sector workers are known as ‘Blue Collar workers’?
Which organization publishes the World Economic Outlook report.
Philips Curve is a graphic curve advocating a relationship between which factors?
Relevant for Exams:
