BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

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

State Bank of India has launched a CSR initiative, SBI Gram Seva, which will work in the areas of health, education, environment and rural infrastructure. CSR stands for?

A	Commercial Social Responsibility
B	Corporate Social Responsibility
C	Corporate Social Resolution
D	Corporate Special Responsibility

Explanation:

Detailed explanation-1: -The focus areas of your Bank’s CSR activities include Healthcare, Education, Livelihood, Skill Development, Environment Protection of National Heritage, Empowerment of Women, youth, and senior citizens, amongst others.

Detailed explanation-2: -SBI Gram Seva It is one of the flagship programs of the SBI Foundation. The program emphasizes on holistic development of villages by active intervention in education, healthcare, livelihoods, and infrastructure. The program has adopted 100 villages across 16 states in three phases.

Detailed explanation-3: -It serves as the government’s bank, collects money, makes payments on behalf of the government, as well as manages public debt. It serves as a bank for bankers. It accepts deposits from commercial banks and makes loans to them.

Detailed explanation-4: -Government’s Bank SBI caters to the needs of both the government, central as well as the state. On behalf of the government, it receives the money and deposits it. It collects the charges on behalf of government like tax collection and other payments. It also grants advances and loans to the government.

There is 1 question to complete.