Q174. What is the purpose of setting up of Small Finance Banks (SFBs) in India? 1. To supply credit to small business units 2. To supply credit to small and marginal farmers 3. To encourage young entrepreneurs to set up business particularly in rural areas. Select the correct answer using the code given below :

The establishment of ‘Payment Banks’ is being allowed in India to promote financial inclusion. Which of the following statements is/are correct in this context?

With reference to India, consider the following: 1. Nationalization of Banks 2. Formation of Regional Rural Banks 3. Adoption of villages by Bank Branches Which

The Reserve Bank of India (RBI) acts as a bankers’ bank. This would imply which of the following? 1. Other banks retain their deposits with the RBI. 2. The RBI

Microfinance is the provision of financial services to people of low-income groups. This includes both the consumers and the self-employed. The service/services

Which of the following can aid in furthering the Government’s objective of inclusive growth? 1. Promoting Self-Help Groups 2. Promoting Micro, Small and Medium

Pradhan Mantri MUDRA Yojana is aimed at.

With reference to ‘stand up India scheme’, which of the following statements is/are correct? 1. Its purpose is to promote entrepreneurship among SC/ST and women

Consider the following statements: 1. The Self-Help Group (SHG) programme was originally initiated by the State Bank of India by providing microcredit to the fi

Consider the following statements: The nation-wide ‘Soil Health Card Scheme’ aims at: 1. Expanding the cultivable area under irrigation. 2. Enabling the banks t

Which of the following grants/grant direct credit assistance to rural households? 1. Regional Rural Banks 2. National Bank for Agriculture and Rural Development

With reference to ‘Water Credit’, consider the following statements: 1. It puts microfinance tools to work in the water and sanitation sector. 2. It is a global

With what purpose is the Government of India promoting the concept of “Mega Food Parks”? 1. To provide good infrastructure facilities for the food processing in

What is/are the purpose/purposes of the Government’s ‘Sovereign Gold Bond Scheme’ and ‘Gold Monetization Scheme’? 1. To bring the idle gold lying with Indian ho

In India, the central bank’s function as the ‘lender of last resort’ usually refers to which of the following? 1. Lending to trade and industry bodies when they

With reference to ‘Urban Cooperative Banks’ in India consider the following statements: 1. They are supervised and regulated by local boards set up by the State

What is the importance of the term “Interest Coverage Ratio” of a firm in India? 1. It helps in understanding the present risk of a firm that a bank is going to

The term ‘Core Banking Solution’ is sometimes seen in the news. Which of the following statements best describes/describe this term? 1. It is a network of a ban

Priority Sector Lending by banks in India constitutes the lending to:

Under the Kisan Credit Card scheme, short-term credit support is given to farmers for which of the following purposes? 1. Working capital for maintenance of far

Consider the following: 1. Currency with the public 2. Demand deposits with banks 3. Time deposits with banks Which of these are included in Broad Money(M3) in

In the context of the Indian economy, which of the following is/are the purpose/purposes of ‘Statutory Reserve Requirements’? 1. To enable the Central Bank to c

With reference to ‘Initiative for Nutritional Security through Intensive Millets Promotion’, which of the following statements is/are correct? 1. This initiativ

Consider the following statements: Small-scale industries are, in most cases, not as efficient and competitive as the large-scale ones. Yet the Government provi

Consider the following statements: 1. In India, credit rating agencies are regulated by the Reserve Bank of India. 2. The rating agency popularly known as ICRA

What is/are the purpose/purposes of the Marginal Cost of the Fund-Based Lending Rate (MCLR) announced by RBI? 1. These guidelines help improve the transparency

How does the National Rural Livelihood Mission seek to improve livelihood options of rural poor? 1. By setting up a large number of new manufacturing industries

With reference to the Banks Board Bureau (BBB)’, which of the following statements are correct? 1. The Governor of RBI is the Chairman of BBB. 2. BBB recommends

Consider the following statements: 1. In India , Non-Banking Financial Companies can access the Liquidity Adjustment Facility window of the Reserve Bank of Indi

Which of the following is/are the aim/aims of “Digital India” Plan of the Government of India? 1. Formation of India’s own Internet companies like China did. 2

What is/are the recent policy initiative(s) of Government of India to promote the growth of the manufacturing sector? 1. Setting up of National Investment and M

Consider the following statements: 1. The Reserve Bank of India manages and services Government of India Securities but not any State Government Securities. 2.

What is/are the purpose/purposes of ‘District Mineral Foundations’ in India? 1. Promoting mineral exploration activities in mineral-rich districts 2. Protecting

The endeavour of ‘Janani Suraksha Yojana’ Programme is: 1. To promote institutional deliveries. 2. To provide monetary assistance to the mother to meet the cos

Which of the following best describe/ describes the aim of the ‘Green India Mission’ of the Government of India? 1. Incorporating environmental benefits and cos

The money multiplier in an economy increases with which one of the following?

If you withdraw Rs. 1,00,000 in cash from your Demand Deposit Account at your bank, the immediate effect on aggregate money supply in the economy will

With reference to digital payments, consider the following statements: 1. BHIM app allows the user to transfer money to anyone with a UPI-enabled bank

Which one of the following links all the ATMs in India? (a) Indian Banks’ Association (b) National Securities Depository Limited (c) National Payments

Which one of the following best describes the term “Merchant Discount Rate” sometimes seen in news? (a) The incentive given by a bank to a merchant fo

Consider the following statements: 1. Capital Adequacy Ratio (CAR) is the amount that banks have to maintain in the form of their own funds to offset

Which one of the following statements correctly describes the meaning of legal tender money? (a) The money which is tendered in courts of law to defra

With reference to the governance of public sector banking in India, consider the following statements: 1. Capital infusion into public sector banks by