BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is the maximum population limit for a commercial bank branch to be declared as rural branch?
A
1 lac
B
2 lac
C
4 lac
D
5 lac
Explanation: 

Detailed explanation-1: -Based on the size of the population, a centre, where bank branch is located, is classified either into rural, semi-urban, urban, or metropolitan as under: Rural: population less than 10, 000. Semi-Urban: 10, 000 and above and less than 1 lakh.

Detailed explanation-2: -(preferable Carpet area 900-1300 sqft) for opening of your Branch as per the details / terms and conditions given below: (Note: premises on ground floor with an area of 800-1300 sqft.)

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