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Indian Financial System
What is the primary function of the Indian Financial System?
The Indian Financial System facilitates the mobilisation of savings and channelling them into productive investments, thereby promoting economic growth and development.
What is the role of the Reserve Bank of India in the financial system?
RBI is India's central bank managing monetary policy and currency.
Which apex body regulates the banking sector in India?
The Reserve Bank of India (RBI) is the apex regulatory body for the banking sector in India, established under the RBI Act, 1934.
What are scheduled commercial banks in India?
Banks listed in the Second Schedule of the RBI Act, 1934.
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