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    Question

    What is the 'Bhobishyot' credit card

    scheme?
    A A scheme to provide credit cards to senior citizens for their daily expenses Correct Answer Incorrect Answer
    B A scheme to provide credit cards to young people for starting new business ventures in West Bengal Correct Answer Incorrect Answer
    C A scheme to provide credit cards to students for their educational expenses Correct Answer Incorrect Answer
    D A scheme to provide credit cards to government employees for their official expenses Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

      Banks have agreed to issue ‘Bhobishyot’ (future) credit cards as proposed by the West Bengal government to extend youths a loan of up to Rs 5 lakh to start new business ventures.      The state will provide 15 per cent guarantee money, and 85 per cent loan guarantee through credit trust established by Credit guarantee trust for small and medium industrialists.

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