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.
Who is the chairperson of the IFSCA?
As per Global Financial Centres Index (GFCI), what is the rank of Mumbai?
Which of the following is not one of the features of a Global Financial Centre?
IRDA has the power to frame the regulations under section ___of the Insurance Act. 1938.
How is a Banking Unit required to submit its report to the Authority?
Consider the following statements in regards to the Economic Survey of India 2022-23:
1.India became the second-largest mobile phone manufacturer...
The IFSCA Act shall be applicable to o the International Financial Services Centres set up under section 18 of the_______________________.
Which of the following institutions/treaties are engaged in setting up of financial standards and regulations that influence the global financial system?
Any alternative investment fund or mutual fund operating in IFSC shall accept money from eligible investors only in ____________________ as per the SEBI...
Which of the following statements is/are not correct in regards to the AMRIT DHAROHAR scheme?
