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Consider the following statementsregarding Small Finance Banks:1. They shall primarily undertake basic bankingactivities of accepting deposits and lending tosmall farmers and small businesses.2. They are not subjected to the prudential normsand RBI regulations that apply to existingcommercial banks, including maintenance ofCRR and SLR.Which of the statements given above is/arecorrect?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 and 2Correct answer is option 'A'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statementsregarding Small Finance Banks:1. They shall primarily undertake basic bankingactivities of accepting deposits and lending tosmall farmers and small businesses.2. They are not subjected to the prudential normsand RBI regulations that apply to existingcommercial banks, including maintenance ofCRR and SLR.Which of the statements given above is/arecorrect?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 and 2Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statementsregarding Small Finance Banks:1. They shall primarily undertake basic bankingactivities of accepting deposits and lending tosmall farmers and small businesses.2. They are not subjected to the prudential normsand RBI regulations that apply to existingcommercial banks, including maintenance ofCRR and SLR.Which of the statements given above is/arecorrect?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 and 2Correct answer is option 'A'. Can you explain this answer?.

Solutions for Consider the following statementsregarding Small Finance Banks:1. They shall primarily undertake basic bankingactivities of accepting deposits and lending tosmall farmers and small businesses.2. They are not subjected to the prudential normsand RBI regulations that apply to existingcommercial banks, including maintenance ofCRR and SLR.Which of the statements given above is/arecorrect?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 and 2Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

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