Question : Which of these is a conventional weaker section lending under the formal sector?
Option 1: Money lenders
Option 2: Self help group bank linkage model
Option 3: Micro finance institutions
Option 4: Commercial banks priority sector lending
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Correct Answer: Commercial banks priority sector lending
Solution : The correct option is Commercial Bank's priority sector lending.
The term "weaker section lending" typically refers to lending practices aimed at providing financial support to economically disadvantaged or marginalised groups within a society.
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Question : The novel Self-Help Group Bank Linkage Program (SHG-BLP) project, which grew into a dominant microfinance model, was piloted by ________.
Option 1: The National Bank for Agriculture and Rural Development
Option 2: Micro Finance Institutions
Option 3: The Insurance Regulatory and Development Authority
Option 4: The Securities and Exchange Board of India
Question : Which of these Micro Finance Institutions (MFIs) are not regulated by the Reserve Bank of India (RBI)?
Option 1: Small finance bank-led MFIs
Option 2: Bank-led MFIs
Option 3: NBFC MFIs
Option 4: Non-profit MFIs
Question : Women Self Help Group (SHG) member appointed as a banking agent is called_________.
Option 1: Bank Mitra
Option 2: Bank Dost
Option 3: Bank Sakhi
Option 4: Bank NGO
Question : Which of the following is not a primary function of commercial banks?
Option 1: Transfer of funds
Option 2: Creation of credit
Option 3: Lending loans to the public
Option 4: Receiving deposits from the public
Question : In India, _____fixes the Cash Reserve Ratio(CRR) for the banks in the economy.
Option 1: Reserve Bank of India
Option 2: Ministry of Finance
Option 3: Ministry of External Affairs
Option 4: State Bank of India
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