BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Mass Banking
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Narrow banking
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Social banking
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None of the above
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Detailed explanation-1: -Social banking, or development banking, is predicated. on the belief that access to finance, and thus to the. banking sector, is critical for low-income households to. 1935.
Detailed explanation-2: -Notes: Social banking is a concept where banking services are oriented towards mass welfare and financial inclusion of the poor and vulnerable segments of society.
Detailed explanation-3: -Financial inclusion means that individuals and businesses have access to useful and affordable financial products and services that meet their needs – transactions, payments, savings, credit and insurance – delivered in a responsible and sustainable way.
Detailed explanation-4: -Financial Inclusion is an important priority of the Government. The objective of Financial Inclusion is to extend financial services to the large hitherto un-served population of the country to unlock its growth potential.