GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Plan for Financial Inclusion Technology
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Plan for Financial Exclusion
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Plan for Financial Inclusion
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None of the above
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Detailed explanation-1: -Which one of the following provides banking services to all villages having a population upto 2000? ‘Financial Inclusion’ is the latest powerful tool adopted by Reserve Bank of India to fulfill the basic objective of connecting every Indian to the country’s banking system.
Detailed explanation-2: -Financial inclusion means that individuals and businesses have access to useful and affordable financial products and services that meet their needs – transactions, payments, savings, credit and insurance – delivered in a responsible and sustainable way.
Detailed explanation-3: -Financial Inclusion Question 2 Detailed Solution The Correct answer is the Lead Banking Scheme. This Scheme provides the prime/lead role to an individual Bank. Banks that come under the Lead Banking Scheme should be either Private or Public Banks. This Lead Bank acts as a credit Institution in its allotted district.