BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Crediting the LPG subsidy in the beneficiary bank account
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Offering Jan Dhan Scheme accounts
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Allowing students to credit their scholarships through No-frill accounts
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Allowing the subsidy loan to disadvantage sections of the society
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Detailed explanation-1: -Primary Agricultural Credit Society and cooperative land mortgage banks are excluded from the Act.
Detailed explanation-2: -2. As per the amended Section 9 of the BR Act, 1949-‘Disposal of non-banking assets’ mandates that no banking company shall hold any immovable property howsoever acquired, except such as is required for its own use, for any period exceeding seven years from the acquisition thereof.
Detailed explanation-3: -Banks provide financial and advisory services to small and medium businesses as well as larger corporations. These services are tailored to the specific needs of each business. These services include deposit accounts and non-interest-bearing products, real estate loans, commercial loans, and credit card services.