BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The Govt of India and RBI are making all the efforts to provide banking facilities to all the villages/habitations in the county. This is the part of their policy of
A
PURA
B
Financial Inclusion
C
Swawalamban
D
Pradhan Mantri Adarsh Gram Yojana
Explanation: 

Detailed explanation-1: -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-2: -Financial inclusion is the delivery of financial services at affordable costs to vast sections of disadvantaged and low income groups for example “no frill accounts"( The central bank had introduced ‘no-frills’ accounts in 2005 to provide basic banking facilities to poor and promote financial inclusion.

Detailed explanation-3: -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.