Question

Which of the following is not covered under the Commercial banks?
a. Public sector banks
b. Private sector banks
c. Foreign banks
d. Reserve Bank of India​

Answer 1

Answer:

private sector banks

Explanation:

These four Non-scheduled banks under operation in India are:

Akhand Anand Co-operative Bank Limited. Alavi Co-Operative Bank Limited. Amarnath Co-Operative Bank Limited.

Answer 2

d. Reserve Bank of India

• A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit.
• It can also refer to a bank, or a division of a large bank, which deals with corporations or a large/middle-sized business to differentiate it from a retail bank and an investment bank.
• Commercial banks include private sector banks and public sector banks.
• Public sector banks, private sector banks and foreign banks are covered under the category of commercial banks.
• A commercial bank is a bank which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit.
• The Reserve Bank of India is India's central bank which is responsible for the issue and supply of currency and the regulation of the banking system.

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