Question

6. Which of the following is not a type of banks?

a. Commercial bank b. Co-operative bank

c. Central bank d. Savings Bank.​

Answer 1

Answer:

option d is correct

plz mark this as brainliest answer

Answer 2

Answer:

Types of Banking is an important topic for anyone appearing for IBPS PO, SO, SBI or any such relevant exam. In the following section, we will learn about the different Types of Banking and see many examples and practice questions on the Types of Banking.

• Central Bank
• Commercial Banks
• Development Banks
• Co-operative Banks
• Specialised Banks

Explanation:

• Central bank

A bank which is entrusted with the functions of guiding and regulating the banking system of a country is known as its Central bank. Such a bank does not deal with the general public.

• Co-operative banks

People who come together to jointly serve their common interest often form a co-operative society under the Cooperative Societies Act. When a co-operative society engages itself in banking business it is called a Co-operative Bank. The society has to obtain a licence from the Reserve Bank of India before starting banking business. Any cooperative bank as a society is to function under the overall supervision of the Registrar, Co-operative Societies of the State

• Commercial Banks

Commercial Banks are banking institutions that accept deposits and grant short-term loans and advances to their customers. In addition to giving short-term loans, commercial banks also give a medium-term and long-term loan to business enterprises. Nowadays some of the commercial banks are also providing housing loan on a long-term basis to individuals.

• Saving bank

A savings bank is a financial institution whose primary purpose is accepting savings deposits and paying interest on those deposits. They originated in Europe during the 18th century with the aim of providing access to savings products to all levels in the population.

correct answer is d saving bank

l hope it will help u