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:

Consider the following statements:

$1$. The Reserve Bank of India manages and services Government of India Securities but not any State Government Securities.

$2$. Treasury bills are issued by the Government of India and there are no treasury bills issued by the State Governments.

$3$. Treasury bills offer are issued at a discount from the par value.

Which of the statements given above is/are correct?

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 any loss that banks incur if the account-holders fail to repay dues.

2. CAR is decided by each individual bank.

Which of the statements given above is/are correct?

Concerning digital payments, consider the following statements:

$1$. BHIM app allows the user to transfer money to anyone with a UPI-enabled bank account.

$2$. While a chip-pin debit card has four factors of authentication, the BHIM app has only two factors of authentication.

Which of the statements given above is/are correct?