311: The establishment of Payment Banks is being allowed in India to promote financial inclusion. Which of the following statements is/are correct in this context?
1. Mobile telephone companies and supermarket chains that are owned and controlled by residents are eligible to be promoters of Payment Banks.
2. Payment Banks can issue both credit cards and debit cards.
3. Payment Banks cannot undertake lending activities.
Select the correct answer using the code given below.
(a) 1 and 2 only
(b) 1 and 3 only
(c) 2 only
(d) 1, 2 and 3
312: The farmers are provided credit from a number of sources for their short and long-term needs. The main sources of credit to the farmers include
(a) the Primary Agricultural Cooperative Societies, commercial banks, RRBs and private moneylenders
(b) the NABARD, RBI, commercial banks and private moneylenders
(c) the District Central Cooperative Banks (DCCB), the lead banks, IRDP and JRY
(d) the Large-Scale Multi-purpose Adivasis Programme, DCCB, IFFCO anc commercial banks
Explanation:
The main souces of credit to the farmers include primary Agricultural Co-operative Societies, Commercial banks, RRB's and Provate Money lenders.
313: The term Core Banking Solutions is sometimes seen in the news. Which of the following statements best describes/describe this term?
1. It is a networking of a banks branches which enables customers to operate their accounts from any branch of the bank on its network regardless of where they open their accounts.
2. It is an effort to increase RBIs control over commercial banks through computerization.
3. It is a detailed procedure by which a bank with huge non-performing assets is taken over by another bank.
Select the correct answer using the code given below.
(a) 1 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3
314: With reference to Financial Stability and Development Council, consider the following statements :
1. It is an organ of NITI Aayog.
2. It is headed by the Union Finance Minister.
3. It monitors macroprudential supervision of the economy.
Which of the statements given above is/are correct?
(a) 1 and 2 only
(b) 3 only
(c) 2 and 3 only
(d) 1, 2 and 3
315: Assertion
Galvanised iron pipes do not rust easily.
Reason
Zinc has a higher rate of oxidation than iron.
(a) both A and R are true but R is not the reason for A
(b) both A and R are true but R is the reason for A
(c) neither A nor R is correct
(d) A is correct but R is wrong