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Which of these statements is incorrect with regard to General Credit Card (GCC) Scheme?a)GCCs are issued by commercial banks to meet general credit requirement of customers in rural/semi-urban areas.b)Total credit facility under a GCC for an individual should not exceed Rs. 25,000.c)Banks should not insist for collateral securities while issuing GCCs.d)A loan disbursed under GCC Scheme is not a part of Priority Sector Lending.e)None of theseCorrect answer is option 'D'. Can you explain this answer? for Banking Exams 2025 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about Which of these statements is incorrect with regard to General Credit Card (GCC) Scheme?a)GCCs are issued by commercial banks to meet general credit requirement of customers in rural/semi-urban areas.b)Total credit facility under a GCC for an individual should not exceed Rs. 25,000.c)Banks should not insist for collateral securities while issuing GCCs.d)A loan disbursed under GCC Scheme is not a part of Priority Sector Lending.e)None of theseCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Banking Exams 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of these statements is incorrect with regard to General Credit Card (GCC) Scheme?a)GCCs are issued by commercial banks to meet general credit requirement of customers in rural/semi-urban areas.b)Total credit facility under a GCC for an individual should not exceed Rs. 25,000.c)Banks should not insist for collateral securities while issuing GCCs.d)A loan disbursed under GCC Scheme is not a part of Priority Sector Lending.e)None of theseCorrect answer is option 'D'. Can you explain this answer?.

Solutions for Which of these statements is incorrect with regard to General Credit Card (GCC) Scheme?a)GCCs are issued by commercial banks to meet general credit requirement of customers in rural/semi-urban areas.b)Total credit facility under a GCC for an individual should not exceed Rs. 25,000.c)Banks should not insist for collateral securities while issuing GCCs.d)A loan disbursed under GCC Scheme is not a part of Priority Sector Lending.e)None of theseCorrect answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for Banking Exams. Download more important topics, notes, lectures and mock test series for Banking Exams Exam by signing up for free.

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