SSC Economics Sample Paper NCERT Sample Paper-3

  • question_answer
    Consider the following statement about Bharatiya Mahila Bank (BMB), the first all women Bank in India:
    1. BMB was included in the second schedule of RBI Act 1934, hence it is eligible for loans from RBI and membership of clearing houses.
    2. As of now there are 85 branches across the country.
    3. It was stared with the capital of 1000 crores and provides loans to the girl child at a concessional rate, which is 0.5% lower than the normal rates.
    4. BMB Nahi Kali is the recurring deposit scheme for the girl child.
    Which of the above statements is/are correct?

    A)  1, 2 and 4 only

    B)  2 and 3 only

    C)  2 and 4 only    

    D)  None of the above

    Correct Answer: A

    Solution :

    [a] Bharatiya Mahila Bank Ltd is the first of its kind in the Banking Industry in India formed with a vision of economic empowerment for women. Launched in 2 013, the Bank has carved a niche for itself as a pan India Bank with over 85 branches across the country. BMB Nanhi Kali, a Recurring Deposit scheme exclusively for the girl child ensures a secure future by building a sizeable resource to meet her future financial needs.

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