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    Question

    What is the purpose of setting up of Small Finance Banks (SFBs) in India?

    1. To supply credit to small business units

    2. To supply credit to small and marginal farmers

    3. To encourage young entrepreneurs to set up business particularly in rural areas.

    Select the correct answer using the code given below:

    A 1 and 2 only Correct Answer Incorrect Answer
    B 2 and 3 only Correct Answer Incorrect Answer
    C 1 and 3 only Correct Answer Incorrect Answer
    D 1, 2 and 3 Correct Answer Incorrect Answer
    E 3 only Correct Answer Incorrect Answer

    Solution

    While directly or indirectly all three will be encouraged because of Small Finance banks. But when RBI invited applications, the specific purpose were 1 and 2 only.

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