Q1. What is a Scheduled Bank ?
(a) A bank having Rs. 1000 crore deposits
(b) A bank included in the Second Schedule of the RBI
(c) A bank having Rs. 10 crore deposits
(d) A bank having Rs. 100 crore deposits
(UPSC Prelims 1980)
Answer: (b) A bank included in the Second Schedule of the RBI
Explanation: A Scheduled Bank is one that is listed in the Second Schedule of the Reserve Bank of India Act, 1934. These banks must meet certain criteria regarding capital and operations, and they are eligible for RBI facilities like refinancing.
Q2. Largest Nationalised Bank in India is
(a) Central Bank of India
(b) Reserve Bank of India
(c) State Bank of India
(d) Bank of India
(UPSC Prelims 1980)
Answer: (c) State Bank of India
Explanation: The State Bank of India (SBI) is the largest nationalised bank in India, known for its extensive branch network, customer base, and role in public sector banking.
Q3. Which of the following sectors mobilises maximum savings?
(a) Corporate sector
(b) Banking sector
(c) Other financial institutions
(d) None of these
(UPSC Prelims 1984)
Answer: (b) Banking sector
Explanation: The banking sector plays a central role in mobilizing household savings through deposits, savings accounts, and fixed deposits. It channels these funds into productive investments, making it the largest contributor to national savings.