Question

Which of the following is not a commercial Bank?
a) State Banke of India b) Reserve Bank of India
c) ICICI Bank d) Punjab National Bank

Answer 1

Answer:

state Bank of India or icici bank

Answer 2

Reserve Bank of India is not a commercial Bank

Answer: Option b)

Explanation:

Commercial Banks are banking organizations that receive deposits and allow short term loans and promote to their customers. In addition, to allow short-term loans, commercial banks also allow long-term and medium-term loans to business enterprises. These days some of the commercial banks are also giving housing loans on a long-term basis to individuals.

Types of Commercial Banks:

1. Public Sector Banks

2. Private Sectors Banks

3. Foreign Banks