Monohar Pandey Solutions for Exercise 7: Exercise 7

Select the correct statement regarding the Priority Sector Lending (PSL) obligations of the banks operating in India

Select the correct one/ones about a Local Area Banks (LABs) using the code given below

$1$. They ensure focussed savings and credit mobilisation by defining their clear boundary of operation.

$2$. They operate in narrow geographical area of three continuous districts.

$3$. Private sector is allowed to enter the segment.

Select the correct one/ones about the Banking Financial Supervision (BFS) in India

$1$. The RBI performs financial supervision function under the guidance of the Board for Financial Supervision (BFS).

$2$. Primary objective of BFS is to undertake consolidate supervision of the financial sector comprising commercial banks, financial institutions and non-banking finance companies.

Select the correct one/ones about the cooperative banks in India from the given choices using the codes

$1$. The Urban Co-operative Banks (ICBS), Until $1996$, could only lend for non-agricultural purposes.

$2$. These banks provide most services, such as savings and current accounts, safe deposit lockers, loans or mortgages to private and business customers.

If the interest rate is decreased in an economy, it will

State Bank of India was previously known as:

RRBs are owned by:

What does the letter 'e' denote in the term 'e-banking'?