As decided by the Reserve Bank of India, all the villages with a population of 2000 will have access to financial services by the end of

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	2009-10
B	2010-11
C	2011-12
D	2012-13

Explanation:

Detailed explanation-1: -7 billion. However, the SBP received assets worth only Rs1. 2 billion.

Detailed explanation-2: -The time given to a bank for opening a banking outlet is one year. If a bank fails to adhere to the requirement of opening 25% banking outlets in URC in a year, appropriate penal measures, including restrictions on opening of banking outlets in Tier 1 to 4 centres (except tier 5 and 6) shall be imposed.

Detailed explanation-3: -#2: Unstructured Supplementary Service Data(USSD) USSD was launched for those sections of India’s population which don’t have access to proper banking and internet facilities.

Detailed explanation-4: -Financial Inclusion by RBI There are some initiatives taken by the financial regulators, government, and banking officials in India. They are: No frills account. BSBDA – Basic savings bank deposit account.

There is 1 question to complete.