BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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SBI
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PNB
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ICICI
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Axis
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None
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Detailed explanation-1: -Kisan Mela is a one-of-its-kind initiative by SBI to connect with farmer customers, resolve their grievances and educate them about their rights and various banks initiatives, SBI said in a statement.
Detailed explanation-2: -Although RBI is the national banking apex body, NABARD has been given powers that establish it as the apex banking body in rural India which regulates all the credit and banking activities of rural India.
Detailed explanation-3: -SBI gives the facility of drawings, accepting, and buying and selling the bills of exchange. It also issues and circulates the letters of credit. SBI also invests in funds or any special kind of security. The bank also acts as a trustee, executor, or otherwise, based on the circumstances.
Detailed explanation-4: -FINANCIAL LITERACY for Farmers. The Kisan Credit Card Scheme aims at providing timely and adequate credit to farmers to meet their needs at the time of crop production (cultivation expenses), besides meeting contingency expenses.