Question

8.The organized financial
system includes
A. Commercial banks
B.Foreign banks
O C.Indigenous banks
O
D.None of these​

Answer 1

Answer:

Answer is D. none of the these.

Answer 2

Option A. Commercial Banks

• Commercial Banks are included in Organized Financial System.

• Commercial Banks are the financial institution whose main function is to accept deposits and further lend loans. The difference between the interest received on loans and the interest given on deposits is the Income for them.
• Commercial Banks are regulated by the Reserve Bank Of India which is also known as Banker's Bank.
• Foreign Banks is incorrect option.
• Foreign Banks are those banks which are incorporated outside India and having branch in India to perform their functions. Such banks have to follow both regulations of host country and the country in which they are having a Branch.
• Indigenous Banks is incorrect option
• Indigenous Banks are the individuals and private firms who perform the functions of banks. It is a very small scale activity as compared to those of Commercial Banks.

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