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Standard XI
Business Studies
Role of Small Business
Q. Which of t...
Question

Q. Which of the following are the purposes of setting up ‘Payment Banks’ in India?

Select the correct answer using the codes given below:

A
1 and 2 only
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B
2 and 3 only
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C
1 and 3 only
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D
1, 2 and 3
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Solution

The correct option is A 1 and 2 only
Explanation:

Statement 1 is correct: Payment Banks are established for eliminating the physical infrastructure of the banking system so that it enables the remote areas to access various banking services.

Statement 2 is correct: The other objective of setting up these banks is to widen the spread of payment and financial services to small business, low-income households, migrant labour workforce in a secured technology-driven environment.

Statement 3 is incorrect: Payment banks cannot undertake lending activities.

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Q. Q. Which of the following are the purposes of setting up ‘Payment Banks’ in India?Select the correct answer using the codes given below:

  1. 1 and 2 only

  2. 1, 2 and 3

  3. 1 and 3 only

  4. 2 and 3 only
Q. Q. Which of the following are the purposes of setting up ‘Payment Banks’ in India?Select the correct answer using the code given below:

Q. निम्नलिखित में से कौन भारत में ‘भुगतान बैंक ’स्थापित करने के उद्देश्य हैं?
  1. देश के दूरस्थ क्षेत्रों में वित्तीय सेवाओं की पहुँच को बढ़ाना।
  2. छोटे व्यवसायों और निम्न आय वाले गृहस्थों में वित्तीय सेवाओं के प्रसार का विस्तार।
  3. अर्थव्यवस्था के प्राथमिकता वाले क्षेत्रों के लिए ऋण देने की सुविधा प्रदान करना।
निम्नांकित कूट का प्रयोग करके सही उत्तर चुनें:

  1. 1, 2 and 3
    1, 2 और 3

  2. 1 and 3 only
    केवल 1 और 3

  3. 2 and 3 only
    केवल 2 और 3

  4. 1 and 2 only
    केवल 1 और 2
Q. Microfinance is the provision of financial services to people of low-income groups. This includes both the consumers and the self-employed. The service/services rendered under micro-finance is/are:
1. Credit facilities
2. Savings facilities
3. Insurance facilities
4. Fund Transfer facilities

Select the correct answer using the codes given below the lists:
Q. Union Cabinet approved setting up of India Post Payments Bank which will help is furthering the cause of financial inclusion:
Consider the following statements:Which of the above statement(s) is/are correct?
  1. Only 2
  2. None of the Above
  3. Both 1 and 2
  4. Only 1
Q. <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Microfinance is the provision of financial services to people of low-income groups. This includes both the consumers and the self-employed. The service/services rendered under microfinance is/are:

1. Credit facilities
2. Savings facilities
3. Insurance facilities
4. Fund Transfer facilities

Select the correct answer using the codes given below the lists:

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