📝 One-liners · 66 cards
Ieifs Syllabus Priority
What is the primary objective of the Indian Financial System?
The primary objective is to mobilize savings and channel them into productive investments, facilitating economic growth and development across all sectors.
What is the difference between Scheduled Banks and Non-Scheduled Banks in India?
Scheduled banks are listed in RBI Act Second Schedule; others are non-scheduled.
Which regulatory body governs the capital markets in India?
The Securities and Exchange Board of India (SEBI) governs capital markets, protecting investor interests and regulating securities issuance and trading.
What is the Marginal Cost of Funds-based Lending Rate (MCLR) used for?
MCLR is the minimum interest rate banks can charge on loans.
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