📝 One-liners · 66 cards
CONSTITUENTS OF INDIAN FINANCIAL SYSTEM STRUCTURE
What are the two broad segments of the Indian financial system?
The Indian financial system is broadly divided into the formal (organised) sector and the informal (unorganised) sector, with the formal sector being regulated by statutory authorities.
What is the primary regulatory body overseeing pension funds in India?
Pension Fund Regulatory and Development Authority (PFRDA).
Which apex institution regulates and supervises commercial banks in India?
The Reserve Bank of India (RBI) is the apex institution that regulates and supervises commercial banks in India under the Banking Regulation Act, 1949.
Which institution acts as the lender of last resort in India?
Reserve Bank of India (RBI) acts as lender of last resort.
🔒
Unlock 66 revision one-liners
Interactive flashcard deck — flip every card to drill questions and answers, mark the ones you got wrong, and revise smarter for CONSTITUENTS OF INDIAN FINANCIAL SYSTEM STRUCTURE.
🪙
Unlock cost
300 coins
30-day access · re-unlocks free for 30 days