Financial Institutions are categorized into Organised Sector and Unorganized Sector.
Organised Sector: Organised Sector is that sector whose parts and activities are systematically co-ordinate by the monetary authority.
The following are the financial Institutions
Reserve Bank of India: At the apex of India, money market is the Reserve Bank of India. It is the Central Bank of the Country.
Commercial Banks: The commercial Banks dominate the organised sector. It includes Public Sector Banks and Private Sector Banks.
Co-operative Banks: They are a part of co-operative credit institutions that have three-tier structure. At the top, there are state co-operative Banks. At the mid-level, there are Central Co-operative Banks. At the local level, there are Rural Primary Co-operative Banks and Urban Co-operative Banks.
Unorganized Sector: The Unorganized Sector whose activities are not systematically coordinated by the monetary authority . It is largely made up of indigenous Bankers, Money lenders, Chit funds, Nidhis.
Financial Institutions for Agriculture: For the purpose of giving loan to the agricultural sector, many financial institutions have been created jointly by government of India and RBI. Few of these institutions are co-operative bank like RRBs, NABARD.
Regional Rural Bank(RRB): In 1976, the parliament enacted the regional rural banks act, 1976 to provide for the incorporation, regulation and winding up of Regional Rural Banks.The Act has been made effective from the 26th September, 1975. At present there are 82 Regional Rural Banks in 27 states and UTs.
National Bank for Agricultural and Rural Development (NABARD): It is one of the subsidiaries where the majority stake is held by the Reserve Bank. NABARD is an apex development Bank with a mandate for facilitating credit flow for promotion and development of agriculture, small scale industries, cottage and village industries, handicrafts and other rural crafts.
Kisan Credit Card Yojana: It was started by RBI and NABARD in August, 1998 to help the farmers across timely and adequately credit. Since 1998 about 10.78 crore KCCS has been issued upto outlen, 2011.
Development Banks:
Rural Infrastructure Development Fund (RIFD): Rural infrastructure hinders both social and economic development. Economists have been explicitly emphasized on the directs correlation between the index of infrastructure development and Rural development.
Priority Sector Lending Policy (PSLP): RBI introduced the system of priority sector lending to ensure that banks increase their involvement in the financing of priority sectors like agriculture, small industries.
Financial Institutions for Industries:
Public Issues: Capital market constitutes primary and secondary market. primary market helps the public and private sector companies in raising finance mainly for their new projects, expansion, modernization and acquisitions. Secondary market provides liquidity for the financial instrument through adequate market-ability and price continuity.
Public Deposits: Public Deposits are an important source of financing the medium-term and long-term requirement of company.
Commercial Banks: Banks are the dominant financial intermediaries in developing countries like India. It is an important source of Industrial Finance. The dependence on Bank for finance could vary according to the size of the companies.
Industrial bank: Small Industries Developing Bank of India, set up on 2nd April, 1990 under an act of Indian Parliament. It presently acts as the principle financial institution for the promotion, financing and development of micro, small and medium Enterprise sector and also coordinates the functions of the institutions engaged in similar activities.
Financial Institutions for Specific Areas:
Export-Import Bank of India(EXIM): EXIM Bank of India is the premier export finance institutions in India, established in 1982 under the Export-Import Bank of India Act, 1981. EXIM bank of India has been both a catalyst and a key player in the promotion of cross border trade and investment.
Unit Trust of India(UTI): Unit Trust of India is a financial organisation in India, which was created by the UTI Act passed by the parliament in 1963. UTI Bank changed its name to Axis Bank effective 1st August, 2007.
Indian Industrial Development Bank of India (IDBI): It was established in 1964 by an Act of Parliament.
Industrial Credit and Investment Corporation of India (ICICI): ICICI Bank was established by the Industrial Credit and Investment Corporation of India, an Indian financial institution, as a wholy owned subsidiary in 1955.
National Housing Bank (NHB): It was setup on 9th July, 1988 under the national Housing Bank Act, 1987 as a Wholy-owned subsidiary of the Reserve Bank to act as an apex level institution for Housing. The following objective are as follows

• To Provide a sound, healthy, viable and cost effective housing finance system to all segments of the population and to integrate the housing finance system with the overall financial system.
• To make housing credit more affordable.
• To regulate the activities of housing finance companies based on regulatory and supervisory authority derived under the Act.
• To encourage public agencies to emerge as facilitators and suppliers of serviced land for housing.

Financial Stability and Development Council(FSDC): Financial Stability and Development Council is apex-level body constituted by government of India. The idea to create such a super regulatory body was first mooted by Raghuram Rajan Committee in 2008.

1. ____ is that sector whose parts and activities are systematically co-ordinate by the monetary authority?

A. Unorganised Sector B. Reserve Bank of India C. Commercial Banks D. Organised Sector

Answer: Option D
2. ______ is the Central Bank of the Country?

A. Reserve Bank of India B. Commercial Banks C. Co-operative Banks D. Organised Sector

Answer: Option A
3. Commercial Banks includes?

A. Public Sector Banks B. Private Sector Banks C. Both A and B D. None of these

Answer: Option C
4. ____ whose activities are not systematically coordinated by the monetary authority?

A. Organised Sector B. Co-operative Banks C. Unorganized Sector D. Reserve Bank of India

Answer: Option C
5. ______ is apex-level body constituted by government of India?

A. Indian Industrial Development Bank of India B. Industrial Credit and Investment Corporation of India C. National Housing Bank D. Financial Stability and Development Council

Answer: Option D
6. Financial Stability and Development Council(FSDC) was first mooted by?

A. National Housing Bank B. Raghuram Rajan Committee C. Indian Industrial Development Bank of India D. Financial Stability and Development Council

Answer: Option B
7. When the National Housing Bank (NHB) was set up under the National Housing Bank Act, 1987?

A. [latex]{9}^{th}[/latex]June 1977 B. [latex]{9}^{th}[/latex] July 1980 C. [latex]{9}^{th}[/latex] July 1988 D. [latex]{9}^{th}[/latex] July 1999

Answer: Option C
8. When the Indian Industrial Development Bank of India (IDBI) was established?

A. 1964 B. 1966 C. 1950 D. 1960

Answer: Option A
9. Export-Import Bank of India(EXIM) was established in?

A. 1982 B. 1981 C. 1970 D. 1965

Answer: Option A
10. UTI Bank changed its name to Axis Bank on?

A. 1st July, 2005 B. 1st August, 2007 C. 1st September, 2009 D. 1st October, 2011

Answer: Option B