UPSC Prelims MCQs Quiz

#Question:- Consider the following statements regarding the Small Finance banks (SFBs) in India: 1. SFBs can be given scheduled bank status under the Reserve Bank of India Act, 1934. 2. They must necessarily extend 75% loans to priority sector. 3. SFBs do not need to maintain a Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR). 4. Small Finance Banks cannot take demand or time deposits. Select the correct Statements using the codes given below: (a) 1,2 and 3 only (b) 2 and 3 only (c) 1 and 2 only (d)1 and4

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