GK
BANKING AWARENESS AND SEBI
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Public Sector Banks
|
|
|
Private Sector Banks
|
|
|
Regional Rural Banks
|
|
|
Developmental Institutes who have converted themselves into Banks
|
Detailed explanation-1: -The Refinance Scheme comes under the Credit Guarantee Scheme (CGS) of the Government of India. The main purpose of the Refinance Scheme for Regional Rural Banks (RRBs) is to offer the facility of availing a collateral free loan to Persons with Disabilities (PwDs) for the purpose of higher education or self-employment.
Detailed explanation-2: -Regional Rural Banks (RRB) are Indian Scheduled Commercial Banks ( Government Banks) operating at regional level in different states of India. They have been created with a view of serving primarily the rural areas of India with basic banking and financial services.
Detailed explanation-3: -Authorised capital: The Act provides for the authorised capital of each RRB to be Rs five crore.