Question : Which of the following is an institutional source of credit in India?
Option 1: Money lenders
Option 2: Commission agents
Option 3: Traders
Option 4: Commercial banks
Correct Answer: Commercial banks
Solution : The correct option is Commercial Bank.
A major portion of credit extended to consumers, companies, and other economic sectors is handled by commercial banks. They receive deposits from the general public and lend this money to borrowers for a range of financial services, credit facilities, and loans. One of the main providers of credit for a variety of financial requirements, commercial banks are an essential component of India's formal financial system.
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Question : In India, which of the following bodies is constitutional in nature?
Option 1: NITI Aayog
Option 2: National Human Rights Commission
Option 3: Central Vigilance Commission
Option 4: Finance Commission
Question : Which of the following is constituted under Article 280 of the Constitution of India?
Option 1: Advocate General
Option 2: Central Vigilance Commission
Option 3: Finance Commission
Option 4: National Commission for Women
Question : Which one of the following is not an instrument of credit control in India?
Option 1: Rationing of credit
Option 2: Direct action
Option 3: Open market operations
Option 4: Variable cost reserve ratios
Question : Which body is constituted by the President of India to advise on the decision of Central Resources between the central and the State ?
Option 1: Tariff Commission
Option 2: Finance Commission
Option 3: Planning Commission
Option 4: Taxation Enquiry Commission
Question : Which of the following was established on the recommendation of the Hilton Young Commission?
Option 1: The Securities and Exchange Board of India (SEBI)
Option 2: The Reserve Bank of India
Option 3: State Bank of India
Option 4: National Bank for Agriculture and Rural Development
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