Banking Facts: True or False (Banking)

Exercise and reference answers

Questions

1. Statement is true

   Yes

   Statement

   RBI is the central bank of India.

2. Statement is true

   Yes

   Statement

   RBI was established in the year 1935.

3. Statement is true

   Yes

   Statement

   NABARD focuses on agriculture and rural development.

4. Statement is true

   No

   Statement

   A debit card lets you borrow money from the bank.

5. Statement is true

   Yes

   Statement

   SBI is India's largest public sector bank.

6. Statement is true

   No

   Statement

   CRR is maintained by banks with the SEBI.

Instructions

Decide if each fact is true.