MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Earn 100

 The MUDRA Bank will initially come under:

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Important Questions on Development Banks

MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Banking Awareness For SBI & IBPS Clerk PO, RRB Exams>Chapter 6 - Development Banks>PRACTICE EXERCISE>Q 42

Which of the following statements is/are correct about Micro Units Development Refinance Agency (MUDRA)?

1. CGF (Credit Guarantee Fund) is expected to guarantee more than 1,00,000 crore rupees worth of loans to micro and small units in the first instance.

2. It will reduce the credit risk to banks and other financial intermediaries.

HARD
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Banking Awareness For SBI & IBPS Clerk PO, RRB Exams>Chapter 6 - Development Banks>PRACTICE EXERCISE>Q 43

Which of the following statements is/are correct?

1. NBFCs do not hold a banking license.

2. NBFCs can issue Demand Drafts like banks.

MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Banking Awareness For SBI & IBPS Clerk PO, RRB Exams>Chapter 6 - Development Banks>PRACTICE EXERCISE>Q 44
Which of the following is/are correct about Cooperative Banks?
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Banking Awareness For SBI & IBPS Clerk PO, RRB Exams>Chapter 6 - Development Banks>PRACTICE EXERCISE>Q 45

Which of the following statements is/are correct about Indian Postal payment Bank?

(i) It is a Public Limited Company under the Department of Posts with 100% GOI equity.

(ii) It offers demand deposits such as savings and current accounts up to a balance of ₹ 1Lakh.