2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Reserve Bank of India
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State Bank of India
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Dena Bank
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Canara Bank
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Detailed explanation-1: -Six NGOs registered with the Depositor Education and Awareness Fund have been selected to execute the pilot project in collaboration with banks.
Detailed explanation-2: -The data identifies inter-state disparities. While Goa has the highest literacy rate of 50%, Chhattisgarh is lacking financial education and has the lowest literacy rate of 4%.
Detailed explanation-3: -Metropolitan areas like Maharashtra, Delhi, and West Bengal have financial literacy rates of 17%, 32%, and 21%, respectively. States like Bihar, Rajasthan, Jharkhand and Uttar Pradesh where poverty is rampant have low literacy rates.
Detailed explanation-4: -They are asking for help in understanding complicated financial products. Accordingly, banks could consider offering awareness programs and targeted seminars. Another key aspect pertinent to the role of banks is to ensure the availability of robust and user-friendly tools that facilitate financial literacy and savings.
Detailed explanation-5: -The new generation banks in Inia are: HDFC Bank (Housing Development & Finance Corporation) ICICI Bank (Industrial Credit and Investment Corporation of India) AXIS Bank YES Bank IndusInd Bank DCB Bank (Development Credit Bank) Kotak Mahindra Bank.