BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

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

RBI has asked banks to make a plan to provide banking services to all villages having a population up to 200 0. This directive issued by the RBI will fall in which of the following categories?

A	Plan for Financial Inclusion
B	Efforts to meet the targets of Priority Sector Lending
C	Extension of Relief Packages to the Farmers
D	Plan for opening more rural branches

Explanation:

Detailed explanation-1: -Which one of the following provides banking services to all villages having a population upto 2000? ‘Financial Inclusion’ is the latest powerful tool adopted by Reserve Bank of India to fulfill the basic objective of connecting every Indian to the country’s banking system.

Detailed explanation-2: -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.

Detailed explanation-3: -The Pradhan Mantri Jan Dhan Yojana (PMJDY) and National Strategy for Financial Inclusion (NSFI) 2019-2024 has given a further fillip to these efforts.

Detailed explanation-4: -Which of the following efforts fall under Financial inclusion plan of RBI/Government? Notes: Efforts like Nationalization of banks, Public Sector Lending targets and Zero Balance accounts fall under Financial inclusion plan of RBI/Government.

There is 1 question to complete.