Question

Write short notes on the following.
(i) RBI
(ii) Cooperative Bank
(iii) Commercial Bank

Answer 1

Explanation:

1. Reserve Bank of India
2. deposited money
3. financial institution

Answer 2

Short notes on the following:

RBI: It is the central bank of India which maintains the monetary flow of the country. It is responsible for insurance and supply of funds. It was "established in 1935" under the act of Reserve Bank of India. Its basic functions which are noted in its preamble are to regulate the issuing of bank notes, operate the credit system of India & establish a monetary policy framework.

Cooperative Bank: Cooperative Bank is an organisation which facilitates the ordinary banking business. Funds are collected through loans and shares to establish these banks. One of their main features is that they issue shares which have unlimited liability. They have a federal structure and they operate in villages situated across the country.

Commercial Bank: Commercial bank is a recognised institution which functions in issuing of loans and accepts deposits along with other services. These banks play a huge part in satisfying the needs of an industry financially, whether it’s short or medium term. They have a criteria which comprises of the characteristics they judge an organisation on while issuing them loans.