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2 cards from this section. Quick, good the night before a test.
What is the primary function of banks?
Think about what banks do with your money.
Can you name the four functions of money?
Use the acronym 'MMSD' to help remember.
What is a primary function of commercial banks?
Think about what most people do with their money in banks.
The Reserve Bank of India is responsible for managing:
Recall the roles of the central bank.
Analyze the effects of the 2016 demonetisation on small businesses in urban areas.
Consider how daily cash operations were affected.
Design a plan for a new banking product aimed at promoting digital payments amidst the backdrop of previous demonetisation efforts.
Think about why people might be motivated to use digital transactions.
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