Interview:How to handle gap question
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- Опубликовано: 18 сен 2024
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1. Bank is a financial institution, the primary function of which is accepting deposits and giving credit to public.
2. By using debit card, we draw the money already deposited in our saving account but when we use credit card the amount is added to our outstanding balance which we have to pay later.
3. RBI is the apex bank of India that regulates all the other banks in the country. Its functions-
a.The main task of RBI is to draft monetary policy of country. It fixes the repo rate, reverse repo rate, CRR, SLR.
b. It controls the situations of inflation and deflation.
c. It maintains discipline in banking industry by imposing penalty on banks that do not comply with rules and regulations.
d. It provides financial assistance to the government in case of economic slowdown and recession.
U r d frst person who told d correct way of answering this question
A bank is a financial institution that accepts deposits and provides loans and advances. It deals in financial transactions and does other jobs also such as bancassurance. The followings are the functions of RBI- (1). The RBI makes monetary policy. (2) It lends to banks in need. (3) It is a banker to the government.(4)It is lender of the last resort. (5) It regulates the money market.(6) It is the regulator of scheduled commercial banks - public sector, private sector and foreign banks.(7)It is lender to the government.(8) It is the issuer of currency notes.
Q1- bank ek vo organisation hai jo deposit accept krti hai, loan deti hai or investment krti h
Q2- debit card mtlb apni money ko bank se nikalna card se or credit card mtlb apni money se jada rashi ya loan Lena card se
Q3- rbi schedule commercial banks ko, rrbs ko, public sector banks ko regulate krta h 2. Government or banks ko loan deta hai
Sir, the major functions of RBI are
1. It regulates all schedule and non schedule banks of the country including commercial banks and RRB banks...
2. It provides both short term and long term loans to commercial banks
3. It also provides credit to government of India at bank rate
4. It also regulates all money market in the country
1) A bank is a any recognised body which carries out the proceedings for lending and deposition of money from and to the public.
2) Debit cards are prepaid cards issued against a bank account through which customer can withdraw or make transactions against pre- deposited money.. Credit Card allows a customer to withdraw or make transactions against a pre- decided credit limit, and will be liable to pay certain pre- decided interest for the same.
3) Primary functions of RBI include regulating financial bodies across the country, regulating cash flow and preventing inflation to increase.
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1.) A bank is an institution which accepts money from its customers who have surplus or who wish to save, and lends to those who need and who apply, both transactions at fixed rates of interest. This is the basic function of a bank.
Besides this, the bank also offers its customers various ancillary services like money transfers, issue of demand drafts, leasing out safety lockers, and collection of cheques.
2.)Debit Card is a payment card that deducts money directly from a consumer’s checking account to pay for a purchase. Debit cards eliminate the need to carry cash or physical cheques to make purchases.
Whereas, Credit card is a card issued by a financial company giving the holder an option to borrow funds, usually at point of sale. Credit cards charge interest and are primarily used for short-term financing.
3.)Role of RBI: Issue of Bank Notes, Banker to Government, Custodian of Cash Reserves of Commercial Banks, Custodian of Country’s Foreign Currency Reserves, Lender of Last Resort, Central Clearance and Accounts Settlement, Controller of Credit.
1) Bank is an financial institution which accepts money from public and gives interest on that, and use this money for lending purposes.
2) Credit and debit card both are plastic money. Main difference is that credit card is like debt or borrowing money from bank at preset limit for fixed time whereas debit card is getting ones own deposited money in bank via atm or online transactions.
3) RBI's main function is to regulate financial institutions, maintain accounts of central and state government and regulate flow of cash in economy.
1. Sir, bank ek intermediate institute hai jo jamakartayo se jma sawikar krta hai lending aur investment k lie, iske alawa bank other services bhi deta hai jaise locker facility, mutual fund facility, insurance, aur remittance etc.
2. Sir, debit card se hm apne account ke paise hi nikal skte hai jbki credit card se hm loan bhi le skte hai.
3. Sir, rbi desh ka central bank hai, rbi govt ka bhi bank hai rbi bank ka bhi banker hai, rbi sabhi banks ko regulate krta hai, monetary policy bnata hai, currency available krwata hai etc.
Sir,rbi as a central bank have many functions.some of them are-
1) rbi works as bank of banks.
2) rbi helps in making of monettary policy and also implementing it.
3)it acts as lender of last resort.
4) it issues new currencies.
5) regulator of other banks.
6) it takes important decisions and take necessary actions to control finance sector.
Sir, some of the differences between debit card and credit card are-
1 ) credit card give us emi facility but debit card doesn't.
2) in case we don't have money in our account and we instantly need it we can get it with the help of credit card as bank gives certain limit of amount which can be used by beneficiary even if he doesnt have any money...although he have to return it later but no soch facility is provided under debit card.
3) credit card works normally on cibil score i.e. how early the taken money is given back and based on good performance in cibil score people can easily get loans through it but no such facility is for debit card.
4)debit card generally issued to every bank account holder but credit card is issued to those who have used banks in a better way or mostly to salaried persons who are earning better.
1)What is a bank?
A bank is a financial institution where all kinds of transactions take place like depositing money or lending of money.
2) What is the difference between Debit card and Credit card?
A debit card is like a prepaid instrument where you spend money present in your account.
A credit card is like a postpaid instrument where you spend the money that is not present in your account and then repay it.
3)What are the functions of RBI?
RBI is the central bank of India and it regulates all the public and private sector banks present in the country. RBI maintains monetary stability in the economy through monetary policy. RBI also manages currency circulation in the country.
Bank:: Banks are like a company that works for profit, as banks accept deposits and give loans.
Banks are a safe place of our savings where we can put our money and get interest on deposits.
Debit card and credit card:: both are plastic money.
Debit card is used for withdrawal or online shopping etc. And also credit card used same purposes.
But main difference both of them is that in debit card We use our account money that are deposited, whereas in credit card We use banks money like on lending.
Rbi functions::
* Issue of money
* Regulate banking operations
* Maintain foreign exchange reserve
1. Bank is an institution which is responsible of doing various work like lending depositing money of customers, and doing business with money..
2. In debit card we can withdraw that money which we deposit in our saving account
And as an advance we use credit card for a limited time period...
3. a) issue currency notes
b) fixes monetary policy to curb inflation
c) act as banker for all bank
d) do various work of govt
1. A bank is a organization where the financial functions of our country towards the economy takes place. It helps us with various schemes to save our savings.
2. In debit card, we can only withdraw the amount that we have in our bank account. We cannot exceed the bank balance.
Whereas in credit card, we can exceed our bank balance (i.e. the overdraft facility) and we need to pay back later with some rate of interest.
3. Functions of RBI: RBI is the central bank of our country. RBI is the one which fixes repo, reverse repo, MSF rate, CCR. It is the primary bank of all the PSB banks in India. RBI provides much needed reserve amount for various PSB banks @ repo rate. These are some of the functions of RBI.
Hi sir, I tried my best to give the answers to the questions you posed. If it is not correct, please correct me sir, it will be very useful for me as well as for others.
1. Bank is a financial institution which take deposits and circulate this money into economy in form of loans.
2. Debit means money going out and credit means money comes in.
3. RBI the reserve Bank of India is central bank of our country which issue currency and manage monetary policy of our country.
1. Bank is a financial institution which accept deposits which can be paid on demand and lends the money to the borrowers according to section 5(b) of Banking regulation act 1949.
3. Functions of RBI
1. Acts as a monetary authority
2. Regulator of the financial institutions
3. Banker to the bank
4. Banker to the government
5. Foreign exchange regulator
2. Difference between debit card and credit card
can be issued one who has a bank account.
Debit card money can be withdrawn and only if money is present in the bank account.
credit card can be issued based on the creditworthiness of a customer. Money can be withdrawn even if there is no balance in the bank account.
1.Bank is a financial body in which deposition and lending of money take place.
2.Debit card-A card which uses money from the holder's a/c.
Credit Card- A card which is used as overdraft facility.
3. Functions of RBI---*To act as bank of banks and government.
*To issue currency
*To formulate monetary policy
*To manage foreign currency exchange.
1. Sir bank ek esi organisation hai jo apane consumer ke deposit accept karti hai aur loan provide karti hai.
2. Sir debit card vah hota hai jisme consumer ke account me jo paise jama hote hai us paise ko va debit card se nikalta hai jabki Credit card vah hota hai jisme bank consumer ko paise provide karta hai us paise ko dene par bank usase interest leta hai.
3. RBI monetary policy banata hai, India me banking sector ke monitor karta hai and government ke bank ke rup me kary karta hai.
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i) A bank is can be a public/private organization where people deposit their hard-earned money and also can avail assistance in the form of loans, also facilitates financial services in dealing with the financial instruments
ii) A Debit card /ATM card is a form of plastic money, which can be used to withdraw money or perform transactions using the money present in the respective bank account associated with it whereas credit cards transactions, does not require money in the bank account, but the customer is liable to pay the money after a specific time period.
iii) - maintains liquidity in the system
- conducts the monetary policy
- acts as a banker to the banks
- issuance of notes
1) A bank is a financial institution.which supports individuals or group, company financially, it fullfils their monitory needs
2) debit card is like prepaid account. it acts like your ATM, You can withdraw the money which is availabe as a balance in your account whereas credit card is given on the credit of a person, it acts like a postpaid card.
3) there are mainly two functions of RBI Quantitative and Qualitative
1. bank is a financial institution where banking activities are performed like accepting deposits,providing loans from peoples or companies.
2. debit cards allows you to make withdrawal or transactions against pre deposited money while credit cards allows you to make withdrawal or transaction within pre described limited and in certain time duration otherwise we are liable to pay pre decided interest.
3. functions of RBI
. regulate financial bodies across countries.
. acts as banker's bank
.central bank to government
.issuer of currency
.monetary policy
Bank is a financial institution which accepts the deposits and provides loans and advances.
Credit card is a tool with the help of which we borrow the money to pay later
Debit card is a one with the help of which we make the payment directly.
Functions of RBI:
1. To make the regulation of banking system in India
2. To print the currency
3. Lender of last resort
4. Banker to the bank and banker to the government.
5. To mantain monetary stability in the country using monetary policy.
1. Bank means an institution which does four activities
I.e. borrowing, accepting negotiating and keeping
2. By credit card we actually borrow money to repay that later but by debit card we give money directly
3. RBI is the sole independent institute which controls all economic affairs of our country including monetary policy
1- bank is a financial institution where the purpose is lending to public and keep deposit of the public and money transfer , currency exchange , selling bancassurance are the functions of a bank as well
2- debit card is a prepaid payment instrument and credit card is a postpaid paymet instrument
3-RBI is the bank of the bankers, bank of the government, regulates money market, keeps forex reserve etc
1. Bank is a financial institution regulated by a governing body i.e RBI, whose function is to deposit and Lend money.
2.Debit card - It is an electronic card linked to the bank account, which is used for the transactions and doing payment
Credit card- it is an electronic card in which the bank issues to cardholder to make payments and promises to return the amount within some fixed days to bank.
3 fncts of RBI - a. Regulation of banks
b. Issue currency
c. Bankers bank
d. Regulate forex reserves
1- Bank is a financial body which gives services related to finance like deposit of money, lending etc.
2- Debit and credit card are called plastic money, A user can withdraw the fund from ATM using debit card and a user can take overdraft by using credit card.
3- Functions of RBI as follows:-
Bank of bank
Government's bank
Issue money
Control financial activities in India
A bank is an organization which provides a good services to the public regarding of money like
Depositing and withdrawal of money when they wants.
Debit card is plastic card
Which is given by the bank to trasact the money in atms
Near by area and not visiting to the branches.
Credit is a card issued by the bank to get some bulk of money for their needs and return back that money in a certain period of time.
Bank means storage and here in finance storage formed from public and for profit giving as loans
Through Debit card we can only use our money whereas credit card bank we use bank money
Main RBI function is spreading money and absorbing it based on inflation 2.managing the banks
3.A banker to the government
1.Bank is a financial institution which accepts different types of deposits from customers and also lends money to customers with different investments.
2. Debit card is which draws money directly from the account and credit card allows us to borrow money from bank as per the credit limitations.
3. RBI is the controller of Indian Banking system which issues currency, regulates monetary policy, government's bank and monetise other banks.
1.Bank is the financial institution which took deposits from general public and give loan to the target group to accelerate the growth of economy. It makes profit from the difference between the interest it give to the depositer and the interest it take from the customer who wants loan.
2.Debit card is simply used to withdraw the existing amount from an account whereas credit card is used to give short term credit to the customer and charge interest on that credit credits card also provide some reward points which help customers to avail loan services in future.
3. The main function of RBI is to regulate the banking industry and to protect the interests of stakeholders i.e. Public, banks, industrialists taking loan. There are some other functions of RBI such as it acts as the government's bank(hanle transactions of govt.) , Banker's bank(provide credit to banks on repo rate), etc.
1. Bank is a financial institution which lends money to the people at fixed rate of interest
2.debit card is used to withdraw money from atm whereas credit card can be used only in pos terminal
3.rbi function
*it is bankers of bank
*it helps to issue currency notes
*monetary policy is undertaken to control inflation
1. Bank mean it accept deposit and gives loan to public, industry, organisation.
2.Debit card is the plastic money in which customer can only spend money which is their account but in credit card customer get credit based on their salary and can spend to buy goods and things without money, its mean bank gives loan and customer need to pay back in emi with interest to bank.
3 Roll of RBI.
RBI is the Regulator of banks in India and bankers bank which gives advances and accept deposit from bank in the form of LAF.
RBI provide crdits to Government.
RBI control inflation by issueing monetay policy bimonthly.
Rbi is the currency issuer
RBI manage foreign exchange reserve
RBI contol operation in money market
RBI supervise financial institution
Bank is a financial institution which accept deposit from the general public for the purpose of lending and investment, that is withdrawable on demand via means like cheques, draft, withdraw slip, internet banking etc.
Functions of RBI:
1.Regulating banks
2. Issuing currency
3. Monetary policy
4. Foreign exchange management
5. Open Market Operations
6. Bankers bank.
A bank is financial institute which accepts deposits from customers and lend money as loan to customers.
Difference---
Debit card- we are allowed to withdraw money how much we have in our account
credit cards- we can withdraw additional money than that is there in our account and can pay off later.
primary function:
of rbi is to maintain liquidity in market and to control inflation.
Bank is an organization which is a profit making company. The function of bank is to provide security to public 's assets,providing loan and depositing money etc...
Bank is the Financial institution which accept deposit from the public at a certain rate Of interest.
Debit card is the card in which money is deducted from your current account and credit card in which money is deducted from the bank account which you have to repay at a certain time period.
RBi is the bank of all the schedule banks in india. It's function is to regulate and formulate the india's monetary policy
A1. A place trusted upon by people as where their money is safe.
A2. Debit card is a bank's product which allows people to withdraw money from their own bank account whereas credit card is a product where bank's money is used and people have to return it sometimes with interest.
A3. RBI is a regulatory body for all the nationalized banks and other financial bodies. It also has to maintain various rates affecting our economy.
Ans-1- sir, bank is a financial institution which accepts deposits and provide loans to their customers.
Ans2- sir ,credit card is a type of plastic money where we can use banks money first wheras in debit card we use our own money maintained in the ACC.
3- sir,the main functions of RBI are
1- issue currency notes
2-maintains foreign currency reserves
3-formulates monetary policy
4-bankers to govt
Bank- Bank is a financial institutions which except deposits, grants loans and perform other functions in a way described in banking Regulation Act
Role of Rbi-
1) Banker of Banks
2) Banker to the government
3) regulator of money market
4) issuance of money
5) maintainance of Forex
Reserve bank
There is a head needed for every organization for managing the entire system..
In banking environment ,rbi is managing the banking organization.it controls
the liquidity level by fixing repo and reverse rates
Supervising the banks and have a power to give penalities .
Thanks Ji for ur valuable words.
Answers: 1) A bank is a financial institution which lends and allows deposits to and from the people respectively.
3) a, RBI regulates the banking industry
b, It is the lender of the last resort
c, It issues currency notes.
d, Manager of the monetory policy
Bank: Bank is an organisation which accepts deposits and lends money to the eligible individuals and firms. Bank provides financial transactions such as transferring money, providing credit and debit cards etc.
RBI: It is the central bank of India. It provides loan facility to the central and state governments and banks. It maintains the cash flow in the market through currency chests. It controls and inflation and monitors the monetary policy.
1. A bank is a financial institution where one can save money invest money and get a loan when required.
2. With a debit card, one can get money through it which comes from his/her savings account
And with credit card one can get even without having money in the account with some transaction payment.
3. RBI is the regulator of all the financial institutions in India
It can give loans to the banks with a fixed rate
It controls the inflation and deflation in the market so that the market does not collapse
1. Bank is a financial institution that will provide loan and credit facilitiies to customer .
2 . Credit card is a green money by which we can spend money in advance even if money is not in account whereas in case o debit card money will be debited only if amount is credited by enough amount
3. Rbi state for reserve bank of india
It provides loan to psb's at repo rate and also deposuts money ogf banks which is called reverse repo rate
A bank is a financial organisation which accepts deposits from the public and withdrawable on demand. It lends and invest money to the customers. Debit card is a payment card through which we can withdraw money from the atm from a pre deposited account. Whereas credit card is a payment card where we can borrow money from the bank and pay back later also we have to pay interest at the same. The main functions of RBI: It is a regulatory body, it acts as banker of the government and banker of banks, it issues notes and currency, it is a lender of last resort.
1. A bank is a financial institution where an individual can deposit his money and can get loan when required at fair rates.
.
2. Debit card is a tool which a person can use to withdraw cash or services as per the amount available in his account.
Whereas, with a Credit Card he can avail advancements from the bank and can pay later.
.
3. Functions of RBI:
* RBI is the 'Central Bank' of India.
* RBI is the depositary of banks.
* It regulates the banking sector in India, through MPC.
* It manages the accounts of the Government of India.
Bank is a financial institution that offers wide range of services to its customers like accepting deposits, providing loans, electronic services like mobile banking, debit and credit cards etc.
Debit card lets you withdraw money/make transactions against the deposits in your account upto the balance limit whereas credit card lets you only make transactions upto the limit of the card as prescribed by the bank against the condition that the amount will be paid back to the bank on a particular due date(along with the credit charges) as decided by the bank.
Bank is an organisation where acceptance and lending of money, with minimal interest rates, done. The accepted money can be withdrawn "on demand" by customers.
The money in our savings or current account can be withdrawn without going to bank with the help of metal strip card near ATM centres those cards are called Debit cards, whereas money taken as debt from bank without going to bank with the help of a card these cards are called Credit cards
RBI is the central bank of India where it regulates functioning of banks checks or controls the inflation in the country with the help of qualitative and quantitative tools like repo, reverese repo, OMO operations. And also controls or maintains the forex reserves of India.
Debit card:- It's a facility where we can withdraw money from our savings account via ATM.
Credit Card:- it's a facility where we can avail the money via outstanding balance which we can pay later within a limited period of time.
Bank is that body where we deposit our money and also can get loan. It is safe and trusted body where we get benefits and lives Happy life with no worries.
Debit card.. We get interest on our deposits. For salaried person it is most suitable card.
Credit card... First we get the money then we pay.. Mostly for businessmen.
Role of RBI.. *♦️regulates monetary policies with various tools
♦️Banker's bank
♦️controls inflation
♦️manages liquidity in market
♦️ printing currency
♦️ regulates state and central banks
1. Bank is a financial institution which performs the function of granting loans and accepting deposit.
2. Debit card pay now buy later, it is a card which lets us make purchases by debiting our account with that amount on the other hand credit card is called the buy now pay later, it lets the customer make purchases even if that person doesn't have that amount in his or her bank account with a facility to pay later.
3. RBI performs many functions, it acts as a banker to the banks and the government, it acts as a leader to the last resort by funding them in the time of crisis, it prints currency, it controls our money supply by changing repo, reverse repo.
Sir i was very disturbed after giving mains since i've attempted only 69 questions and my descriptive paper went very bad.. but after listening to your video I'm going to prepare for interview irrespective of the fact that whether will i be selected or not.. because someday I've to prepare myself for it.. if not this time maybe next time.. thankyou sir.. your words were immensely beneficial... 😊
All the best👍
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@@amritamohapatra3792 i did clear the mains but i was out in final list by .45 marks
@@PC-os1ms ok
@@PC-os1ms is there any grace mark for accuracy in mains?
1. A bank is an organisation which ensures the economic stability of any society by providing facilities such as borrowing or depositing.
2. Debit card is the card which is used for taking money available in account whereas credit card is a kind of loan where the money is used and then paid after certain time period
3. The functions of Reserve Bank of India are as follows
a. They are responsible for absorbing or increasing liquidity in the society through repo or reverse repo rates
b. They provide money to government when needed
c.They are the ones who are responsible for having foreign exchange reserves.
A Bank is an organization which accepts deposits and provides loans and nowadays apart from these traditional functions, banks serves as a consultant to the public, provides demat a/c, provides mutual fund and insurance services etc.
Bank is an organisation whp takes surplus funds from the people and provides funds for the needy person and help in the growth of the economy
Debit card is prepaid instrument and credit card is post paid instrument.. while using debit card the whole amount gets deducted from the account at the time of transaction while using credit card the bank pay the amount on our behalf and we have to pay it around 1 mnth later
Functions are-
To control the circulation of currency
To check monitory policy fotr the economy
To act as banker to the government and other banks
Debit card: Customer uses his/her own money using ATM, internet banking, POS machines.
Whereas Credit card provides advances to the customer which is repayable after fix time at certain rate of interest.
Bank- a bank is an financial institution that accepts deposits from the public and create credit. Banks may also provide financial services such as wealth management, currency exchange and safe deposit boxes.
2) debit card - it takes money directly from the checking account . When card is inserted the funds are transferred from account.
Credit card- borrowing from a lending institution and pay back some or all of it each month. When card is swiped the credit card co pays the vendor for purchase.
3) function of RBI
1) bankers to the central govt. and state govt.
2) it manages foreign exchange
3) announce annual policy statement it is known as monitory and credit policy .
4) act as a central clearing house for inter bank transaction.
5) power to issue licence to new bank as well as existing bank for brand expansion.
Ans to Qno 1
A bank is a financial institution which acquires the fund from the people who have ample amount of money in the form if savings and makes availBle it to the people or organisation who require it...in the form of loans and charging interest ... which is the ultimate profit. Apart from this bank has several other functions.
Bank: A bank is a financial organization which gives the people a facility to keep their money in a secured place and which gives many other different financial services to all the citizens and it also gives the credit facilities like different loans.
Debit Card: The amount which is available in our bank account can be used by using this card and the amount will get debited from our bank account. It is an electronic based chip card which provides us to withdraw the money from our bank account at the respective bank ATM without visiting a bank . It is a 24/7 service which changed the one's way of banking.
RBI : The Acronym of RBI is Reserve Bank of India and it is also known as the banker's bank. Rbi is main controlling organization of all the banks. All banks should comply the instructions set by the Rbi. Rbi is headed by a governor and 4 deputy governors. It has all rights to amend and issue the rules.
1. Sir, a bank is a financialr institution that is considered to be a cornerstone of the economy and provides basic financial services to every section of the society. It's services include lending money to the borrowers, taking deposits, wealth management, currency exchange etc.
2. When used, Debit cards deduct the specific amount from the a/c of the card holder instantly. On the other hand, credit card extends a line of credit to the holder and the amount owed has to be paid on a periodic basis.
3. RBI has multidimensional roles to play. Mainly it acts as the central regulator of all the banks functioning in the country. In addition to that, RBI issues all the currency notes, regulates liquidity through monetary policy, acts as banker to the government as well as banker to the banks etc.
Sir ye same esa eng mai bolna h??
Ratta nhi lagega?
1.Bank: bank is a financial institution where accept deposits and advancing of loans .
2.credit and debit card:debit card is prepaid why because you have to pay after that use in whatever your transactions.and come to the credit card is postpaid why because first we can use after that you can pay ..banks give high interest on credit cards.
3.rbi functions...1.banker to bank.2.bank to govt. 3.manager of foregin exchange .4.regular and supervisor financial services
Good evening sir,
Q1) Bank is a financial institution that collates deposits from individuals, institutions, government, etc. and lend them money as loans and advances, grants, etc.
Q2) Credit card is a card that facilitates 1st use then pay syatem, whereas, the Debit card is a card that facilitates us payment at the time of purchase.
3) RBI is the apex of the banking institution in our country. It's functions are as follows::
a) It acts as a banker to the banks.
b) It acts as a banker, fiscal advisor to the government.
c) It acts as a clearing Agent.
d ) It is the lender if the last resort.
e ) It is the credit controller of the economy.
f ) It uses both quantitative as well as qualitative measures.
Sir do we need to explain these also??
Sir I'm not very good in English can I answer in Hindi language ??
1. Bank - bank is a financial institute which can borrow and lend money to public. Issue loans to public and take interest on it. Also provide credit card debit card etc.
2. Credit card and debit card both are plastic money.
Debit card is firstly deposit money in your account and then you can withdraw that money any time when you needed.
Credit card is prepaid 1st you have to deposit money then you can spend that money. There are interest charges on that money.
3. RBI is a institute which manage monetary policy, issue & manage currency, manage foreign currency also. RBI is institute where banks can manage CRR. RBI is bank for government and banker for commercial banks.
A bank is a financial institution who accepts deposits, provides loans and third party products. Basically, it is a service sector which provides banking services to their customers.
The basic difference between the Debit card and the credit card is that in debit card we use money which we have in our savings account while in credit card we spend those money which we don't have it and we will pay it later to the bank.
RBI is the regulator of financial institutions. It prepares monetary policy to maintain liquidity in the bank as well as in the economy. It issues Indian Rupees notes except 1 rupee note.
1. A bank is a body whose primary function is to take deposits and give loans in accordance with the Banking Regulation Act 1949.
2. Debit Cards are prepaid cards wherein the withdrawing limit is equal to the the amt deposited in the demand account with the bank. Credit cards allow customers to with overdraft facility.
3.Primary fucn of RBI are :
a. Act as Central Bank
b. Act as Banks' Bank
c. Acts as Bank of GOI
d. Issues currency
e. Maintains Forex Reserve
f. Regulates banking industry
g. Formulates monitor policy
h. Lender of Last Resort
Out of 3 types of financial institutions. 1-payments bank, those deposit money only, 2-nbfc,those lending loans only, and 3-banks, are financial institutions which allow deposits as well as loans.
Debit card is card which gives access to use money from our saving account for cash withdrawal and for online transactions
The Credit card is card with the certain limit of transactions which gives access to use money in the form of loan facility.
1.bank is financial institution where activities of taking deposits ffrom customers and giving loans to customers happens.
2.debit cards are helpful only we have money in our account for credit cards we utilize funds prior to our payment .
Functions of RBI
It is known as the banker's bank. It gives loans and accept deposits from other banks.
It is the highest regulatory authority of all financial institutions in our country.
Among othet works, its work is to keep a track on inflation, check forex reserves and also make monitary policies.
A bank is any person, group or entity which accepts deposits, payable on demand, from public and use that deposits to advance loans or investment.
A debit card gives you the facility to use the money that is there in your account as savings whereas credit card gives you the overdraft facility where you can use the money and pay that money later to the bank.
The functions of RBI are as follows:-
It controls public sector banks, private sector banks and other financial institutions like NBFCs abd HFLs.
It is responsible for printing of currencies
It makes the monetary policy guidelines
It controls inflation and deflation in the market by purchasing securities or OMOs
1)A bank is an entity which provides deposits,loans, Insurance and safe custody provisions for their customers.
2)A debit card is related to the money a person has already available with him in an immediate manner and he can spend it based on his requirements whereas the credit card is related to the money which a person has not immediately available to him but he can utilise the credit provided by the issuer to buy products and at a later stage pay the bill for the same.
3) Rbi performs different functions such as controlling the inflation in the country by using different monetary policy instruments,being a banker to the government of india and represent it internationally,regulation and imposing of fines on different banking entities operating in the country based on their performance.
1. Bank is a financial institution which provides you a platform where you can deposit your money, save it for future, transfer it, invest it for future, take loan for needs, etc. that means all activities related to money are covered in it.
2. Debit card is a plastic card, which is used for withdrawing cash, transferring cash in ATM, or paying on any point of sale terminal.
3. Credit card is a plastic card on which you have provided a limit up to which you can pay without having money in your bank account. The credit money that you have used is to be payed back when the date is scheduled.
4. Functions of RBI.
- Banker to banks
- Banker to government of India.
- prints currency notes.
- Maintains foreign exchange.
- Supervises banks.
_ Accompanise in financial policy.
A) A bank is a financial institution engaged in accepting money in the form of deposits from the people and using the money so deposited to lend it to the people in need of such money, in the form of loans.
B) A debit card is a card issued against the account of a person with the bank, wherein the amount withdrawn using such card is directly deducted from the account of the cardholder. Whereas, Credit card allows the person to withdraw amounts upto a pre decided limit, on which he is required to pay interest along with the amout withdrawn after a specified period.
C) Reserve Bank of India is the central bank of the country and as such regulates the banking sector of the country. It is responsible to control the supply of Money in the economy depending upon the demand situation. It issues currency notes. Lends to other commercial banks in need. Manages the foreign exchange reseve of the country.
A bank is a financial institution that accepts deposits from the public at a given interest and creates lending at a greater interest.
the difference between the interest of deposit and lending is the profit of banks.
Credit Card - A credit card allows you to purchase goods and services on credit. The money for which can be returned by you every month. There is a credit limit set for you by the card provider.
Debit Card - A debit card deducts money directly from a customer's account to pay the bills.
Functions of RBI
1. Issuer of Banknotes.
2. Banker to the government.
3. Custodian of cash reserves.
4. Lender of Last resort.
5. Custodian of country's Foreign reserves.
BANK: A bank is a financial institution that accepts deposits withdrawable on-demand or on certain terms and lends money on interest.
DEBIT CARD: A debit card is a payment card that directly deducts money from the cardholder's account.
CREDIT CARD: A credit card is a payment card whereby the paid amount is deducted from a pre-approved loan amount offered to the cardholder.
RBI FUNCTIONS: Central bank, Banking regulator (Quantitative & qualitative), Banker to banks, Lender of last resort
1. a bank is a financial institution which helps people with various financial assistance for their requirements.
Ans to Qno 2
A debit card is an instrument provided to the customer by a bank for facilitating non cash payment by the customer that is charged from the deposit in his account.
On the other hand,
A Credit card is an intrument provided to the customer for making payments on the non availability of fund in his account.However the amount spent through credit card has to be reimbursed by the customer to the bank in stipulated time
1)a bank is an institution licensed to recieve deposits and make loan.
2)by using debit card it deduct the amount from your account instantly.
by using credit card your borrow monet to repay it later after a required time period.
3)function of rbi:-
a.Issuer of bank note.
b.banker to government.
c.custodian of cash reserve.
d.custodian of foreign reserve.
e.Lender of last resort.
f.monetary policy
RBI regulates the monetory policy.
Bank makes the money reach out to people who needs it.
Debit card is prepaid and credit card is postpaid.
A bank serves the door to financial inclusion.For decades,banks are the place where people not only get financial assistance but also insurance policies,for the betterment of their future.
A credit card is a card that enables a person to make post payments of the transactions done in the past, whereas a debit card is like prepaid card ,which deducts the amount from the customers account.
The Reserve Bank is the Apex regulator of all the scheduled commercial banks.It serves as a lender to banks, governments.They are issuer of currency.they also regulate the inflation in the country through LAF,through their monetary policies.
Ques. 1 What is bank ?
Ans. Bank is a financial institution whose primary and basic functions are to accept deposits and advance loans to people.
Ques. 2 Difference between debit card and credit card .
Ans. As suggested by the name itself , debit card helps us to debit or se can say withdraw money from our bank account . And credit card is a card which helps us withdraw money for the purpose of shopping , bill payments etc. And at the end of the month we get a bill for that .
1.Bank is an important financial entity for a country's growth which gives fianancial inclusion for people by giving loans and taking deposits.
2. Both cards are used for payments. For Debit card we should have money whereas in credit card we can pay later.
3. Reserve bank is the regulator of other banks and also prints rupee denominations.
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1. A bank is institution which provides services like lending money, accepting deposites and giving it back when demaded.
2. A debit card is card through which we can withdraw money in our bank account using it at ATM and credit card provides us with credit we do not at that time in our account but which we have to pay back after certain duration. 45days in most of the cases.
3. RBI's main function is to manage Inflation in the country. Also lend money to banks and government when needed.
Bank-a financial institution which accepts money from the people and lends money to the people
Debit card and credit card-through debit cards people can withdraw or deduct money which is outstanding or pre deposited in their account whereas through credit cards people can withdraw mone beyond the amount outstanding and within a pre defined limit set by the concerned bank
Function of RBI-RBI acts as a regulatory body of all the banks and nbfcs' in INDIA...(BOTH PUBLIC SECTOR AND PRIVATE SECTOR)
Bank is the backbone of our economy . It is the financial org which provides advances and keeps our money safe . The idle money of our economy is united and used for growth of the economy by providing loans to industrialist enterprenuer who will generate employment for our youth .
Bank is a company that give safety to the money of people by collection as deposits, and lend it to the who need
Debit card is prepaid money instrument that means before using this we have to fill with balance, credit card is a postpaid instrument that means we have the option to fill the card balance after we used in a prescribed period
Rbi acts as controller, promoter, as guide to the all banks and other financial institutiona that are working as per rbi act
Thank you sir
What is Bank?
Bank is a financial institution which provides security to the asset like cash and gold. It gives facility to lend money as well.
Difference between debit card and credit card?
Debit card is basically a prepaid card which is connected to the personal account of a customer and through which we can transact money whenever he or she wants from their personal account.
Credit card on the other hand provid money through your customer rating and you have to pay back those money Afterwards.
Primary function of RBI
1. Bankers bank
2. Regulator of all banking institutions
3. Lender of last resort
4. It regulates the flow of liquidity
5. Handles the job of printing currency
6.bankers bank
1)bank is an financial institution where customers can save or borrow money.
2)In debit card,we withdraw money from savings account and In credit card,we borrow money from bank.
3)role of RBI
A) Banker's bank
B) controls the supply of money
C) issuing the currency notes
Ans 1 Bank is a financial institution which is licensed to deposit and and lent money. It works like a mediator among people .
Ans2. Debit cards and credit cards both are known as plastic money. But in debit card money is deducted instantly at the time of transaction while in credit card money is paid on credit after transaction .
Ans 2. RBI is regulatory body of Indian money market
It bank of the banks and government.
It controls money flow in market.
1. Bank is a financial institution which takes deposit from its customers, gives loans to the eligible person. Now a days banks are doing more than these two basic function like selling insurance, providing mutual fund facility to customers, collecting direct and indirect tax on behalf of the government etc.
2. Debit card and credit card are both instruments which banks provide to do money transaction. In debit card the deposited money can be withdrawn from the bank account whereas in credit card the bank approves a certain limit which you can use and pay it after a certain period of time.
3. RBI is the central bank of India. It does many jobs like it acts as a banker to the central and state governments, RBI makes monetary policy to keep the inflation rate in a specified limit, it keeps the foreign currency and gold reserve India, RBI also regulates the bank and has a close watch on them.
Good morning sir 😃
Ans1. Sir , Bank is an institution in which it deals with money by depositing and lending money to people.
Ans2. Sir, difference between Debit Card and Credit card is that in Debit card you can withdraw only that money which is available in your account while Credit Card gives you a limit to withdraw money when your account balance is zero.
Ans 3. Sir, RBI is the head of the Banks there are some functions of RBI
1.Bankers to the Bank
2.Issuing Currency
3. Decide Monetary policy rates.
Thanks sir 😃
1. A Bank is a government approved financial organisation that mainly do 2 processes : Lending Money and Accepting Deposits
2. A Debit Cards and Credit Cards are simply plastic cards. But through these cards, we will be able to withdraw money, which is in our account from ATMs. Debit Cards are issued for our deposits where as credit cards are issued for some amount of money, where we need to repay it to the account before the time limit, so that we really dont need real cash in your account to use it.
3. RBI is simply bankers bank. It is the central bank of our country. It formulates fiscal and monetary policies. RBI is the only body in India which have the right to print currency notes and coins.
~A bank is a financial institution that primarily accept deposits offering a certain interest to the depositers on their deposited money and lend money to those who are seeking advance and charges them interest in return, the difference between these two interest is the source of bank's income.
~A debit card is digital product offered by banks to their customers for withdrawing their funds kept with banks, Debit card deducts the amount from customer's bank account so its a kind of prepaid card. While credit card is a kind of advance given by bank to its customer to use it for making cashless payments, for using it customer does not need to have funds in his account the amount debited is the credit provided by bank to the customer.
~RBI is the apex banking institution of the country and also regulatory body for all the financial institutions operating in India, has power to issue or suspend license of any bank or NBFC, besides issuing currency it regulates the flow of currency in the country, it formulates the monetary policy of the country and thus control inflation and maintain healthy economical environment in the country.
Credit and debit card
In debit card we use our deposited amount from our account
In credit card ,already provide u a advance according to our eligibility..we can use that entire amount .later bank will collect money with interest amount .and for credit card bank charges high interest ..
Bank is an entity which basically accepts deposit and lend money for investment.
RBI is an autonomous body which is responsible for the monetary policy. And it's a lender of last resort for the banks.
Good Morning Anil Agarwal Sir.
Ans.1-Bank is a financial institution that provides facilities to public such as lending and deposit of money and also securities to public assets.
Ans.2-A Debit card is the card provided to account holder for utilizing by the means of cash withdrawal and POS on prepaid basis , on the other hand credit card is the card to use money on loan basis which is to be repaid after certain period of time with or without interest as per guidelines set by bank.
Ans.3-RBI is the banker to all government and public sector banks.Primary function of RBI is to monitor Capital Market, cash flow, inflation and regulate financial institutions all over the India.
Answers by an Exservicemen
A bank is a entity that accepts deposits from the people and provide credit to the customers.....it also provides basic facilities like passbook ,cheque book,debit card,credit card and online banking facility.....
Debit card is used to withdraw money that is the customer's own money while a credit card is used to withdraw money which is not customer's own money but it is the asset of the bank....a customer need to pay back the money after certain period of time with interest charged upon it.....
RBI acts as a banker to the bank as it manages all the rates like CRR,SLR,repo ,reverse repo....
It manages the liquidity in the country by maintaining the different ratios....
It publishes notes and coins....
Bank: bank is a financial institute that can accept money from public in order to lend it.
2. Through Debit card we can withdraw whatever money left in the account but through credit card we have overdraft facility to withdraw when there is necessity.
3. Rbi functions:
Control money flow in the market and regulates inflation.
Thank you sir for your support and encouragement ❤️❤️