Quiz on types of banks

What is the primary function of the Reserve Bank of India (RBI)?

• To issue currency

• To operate commercial businesses

• To provide loans to individuals

• To manage private banks

Which of the following is a type of bank recognized by the RBI?

• Private Banks

• Investment Banks

• Insurance Banks

• Merchant Banks

What year was the Reserve Bank of India Act enacted?

• 1968

• 1934

• 1947

• 1956

Which type of bank is primarily owned by the government?

• Public Sector Banks

• Foreign Banks

• Private Sector Banks

• Co-operative Banks

What is the main objective of commercial banks?

• Profit generation

• Community service

• Government funding

• Non-profit operations

Which of the following is NOT a category of commercial banks?

• Foreign Banks

• Public Sector Banks

• Investment Banks

• Private Sector Banks

What is the primary focus of Regional Rural Banks (RRBs)?

• Investment services

• Corporate banking

• Financial inclusion

• Urban development

Which of the following banks is an example of a Public Sector Bank?

• ICICI Bank

• Axis Bank

• State Bank of India

• HDFC Bank

What is a key characteristic of Co-operative Banks?

• Provide services only to urban areas

• Focus on large corporations

• Charge high interest rates

• Operate for the benefit of members

What is the primary service provided by Urban Co-operative Banks?

• Long-term loans

• Insurance services

• Short-term credit

• Investment advice