New Enroll for RBI, PFRDA & NABARD Intro Class! April 18 at 9:15 PM

    Question

    Which facility allows banks to issue credit cards to

    individuals/entities for non-farm entrepreneurial activities eligible under priority sector guidelines?
    A MSME Business Card Correct Answer Incorrect Answer
    B General Credit Card (GCC) Correct Answer Incorrect Answer
    C Enterprise Support Card Correct Answer Incorrect Answer
    D MSE Credit Facility Card Correct Answer Incorrect Answer
    E Business Development Card Correct Answer Incorrect Answer

    Solution

    Banks can issue General Credit Cards (GCC) for individuals/entities with working capital facilities for non-farm entrepreneurial activities, classified under priority sector lending.  

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