Financial System

Financial system comes under the Finance section for the phase 2 examination of RBI grade B. A 'financial system' is a framework that permits the trading of funds between lenders, investors, and borrowers. The financial system works at national and worldwide dimensions.

All your concepts have to be clear in order to score higher. Stick to one textbook to avoid confusion and information overload. You can use any textbook which you feel is easy to understand and learn from it. If you are a finance student then you just to need to revise concepts which you had learned previously. Non finance students need to focus more on this section and work harder.

Apart from giving mocks you can also give practise tests on individual topics like Financial System. This will help you understand how much you have understood and the areas which you need to brush up on. Do not skip any topic. Even if a topic is remotely connected to the main topic read about it. The RBI grade B exam is known to be unpredictive hence skipping topics is not a good idea.

A brief introduction on some topics under financial system which you should cover is given below:

Financial Institutions: -

Financial institutions aim for advancing the mechanical advancement of a nation and are called 'development banks'. The primary job of a financial institution is to exchange monetary assets from the individuals who spare it to the individuals who need budgetary assets for financial action.

Non-Banking Financial Companies (NBFCs): -

Non-Banking Financial Companies (NBFCs) are the money related foundations that offer banking services, but do not agree to the legitimate meaning of a bank, i.e. they do not hold a bank license.

Financial Services: -

Financial services can be characterized as the products and services offered by foundations like banks of different sorts for helping different budgetary exchanges and other related exercises in the realm of finance like advances, insurance, credit cards, venture openings and cash management. They also give data on the securities exchange and different issues like market patterns.

The topics mentioned above have to be covered in depth for a thorough understanding on Financial Systems. Sitting and attempting to make sense of what subjects may show up in the test and what may not is pointless, since, the syllabus of RBI Grade B Finance and Management is tremendous and RBI is known to be unpredictable. Remember that the finance section requires a lot of cramming. Decide the topics that you need to cover and start reading extensively on them for positive results.

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