Difference between Central bank and Commercial Bank
There are 2 types of banks
- Banks which do Public Dealing
Example- PNB,SBI,ICICIC
These are called Commercial Banks
- Banks which do not do Public Dealing
Example- RBI in India
It is called Central Bank
NCERT Questions
No questions in this part
Other Books
Question 1
In the following questions, select the correct answers:
Which bank controls the banking and monetary structure of India?
a. Reserve Bank of India
b. State Bank of India
c. Axis Bank
d. World Bank
View AnswerAns
- Reserve Bank of India
Central bank is the main body which Regulates Banking and Monetary Policy of Country.
In India, RBI is the Central Bank
Question 2
Which of the following agency is responsible for issuing Rs 1 currency note in India?
a. RBI
b. Ministry of Commerce
c. Ministry of Finance
d. Niti Ayog
View AnswerAns
c. Ministry of Finance
Explanation
Finance Ministry of Govt of India issues Rs 1 currency notes
All the remaining notes are issued by RBI