NTA UGC NET - Commerce: Unit 07 - Banking and Financial Institutions (Part 01)

 

https://youtu.be/oc9WDZlLBgE

 

Unit 07

Banking and Financial Institutions

Part 01

 

• Overview of Indian financial system

 

• Types of banks: Commercial banks; Regional Rural Banks (RRBs); Foreign banks; Cooperative banks

 

• Reserve Bank of India: Functions; Role and monetary policy management

 

• Banking sector reforms in India: Basel norms; Risk management; NPA management 

 

• Overview of Indian financial system

 

• Types of banks: Commercial banks; Regional Rural Banks (RRBs); Foreign banks; Cooperative banks

 

• Reserve Bank of India: Functions; Role and monetary policy management

 

• Banking sector reforms in India: Basel norms; Risk management; NPA management 

 

• Digitization of banking and other financial services: Internet banking; mobile banking; Digital payments systems

 

• Insurance: Types of insurance- Life and Non-life insurance; Risk classification and management; Factors limiting the insurability of risk; Re-insurance; Regulatory framework of insurance- IRDA and its role 

----------------------------------------------------

MCQ 01: The liberalization of Indian Banking and Regulation was done based on recommendation of _______?

 

a. Hilton young Commission
b. Narasimham Committee
c. Urjit Patel Committee
d. Basel Committee 

 

Answer: Narasimham Committee

 

The Committee was first set up in 1991 under the chairmanship of Mr. M. Narasimham who was 13th governor of RBI.

 

 

 For reforms related to Banking Sector 

 

 

 

 

Hilton-Young Commission :

 

Hilton-Young Commission was the Royal Commission on Indian Currency and Finance set up by British Government in 1920s. 

 

In 1926, this commission had recommended to the government to create a central bank (RBI)

 

 

 

 

 

 

 

 

Urjit Patel Committee (2013) : 

 

One of the committees formed by RBI to revise and strengthen monetary policy frame work in India

 

 

 

 

Basel Committee (1974):

Basel committee on banking supervision (BCBS) 

 

Supervision of banks

 

 

---------------------------------------------------- 

 

MCQ 02: Imperial Bank of India was nationalized in which year?

 

a. 1945 

b. 1955 

c. 1949 

d. 1965 

 

ANSWER: 1955

 

 

 

 

 

 

The Imperial Bank of India was nationalized in 1955

 

 

 

 

 

 

 

 The Imperial Bank was formed as a joint-stock bank in January 1921 by. amalgamating the Presidency Banks :
 

 

 

•The bank of Calcutta (Bengal) (2 June 1806)
•The bank of Bombay(15 April 1840)
•The bank of Madras (1 July 1843)

 

 

The Imperial Bank of India was renamed as State Bank of India In July 1955

 

Headquarters – Mumbai Chairman - Rajnish Kumar 

The largest bank, and the oldest still in existence, is the State Bank of India (S.B.I).

---------------------------------------------------- 

MCQ 03: On which date was the Reserve Bank of India established?

 

a. April 1, 1935 

b. July 12, 1982 

c. January 1, 1949 

d. August 15, 1947

 

ANSWER: April 1, 1935 

 

 

 

 

 

RBI was set up in 1935 under the Reserve Bank of India Act,1934

It was originally started as a shareholders' bank with a share capital of Rs. 5 crore.

 

0n January, 1949 the Reserve Bank has been nationalized and it is now purely a concern of the State.

Headquarter : Mumbai, India

 

 
Current Governor : Shaktikanta Das

RBI

Banker to Government

 

Regulator of the entire Banking in India.

 

Leader of the banking system and the money market.

 

Controls the issue and supply of the Indian rupee

 

 Regulates money supply and credit in the country

 

---------------------------------------------------- 

SUBSCRIBE TO GET NOTES IN E-MAIL