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Indian Financial System & Banking Structure Part 1
What is the primary function of the Indian financial system?
The Indian financial system facilitates the mobilization of savings and their efficient allocation to productive investments, thereby promoting economic growth and development.
What is the full form of IRDAI?
Insurance Regulatory and Development Authority of India.
Which apex regulatory body oversees the Indian banking sector?
The Reserve Bank of India (RBI), established under the RBI Act 1934, is the apex regulatory and supervisory authority for the Indian banking sector.
Which year was the Reserve Bank of India established?
The Reserve Bank of India was established in 1935.
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