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Start learning 50% faster. Sign in nowSix Pillars of the Scheme: Universal Access to Banking Services – Branch and Banking Correspondents. Financial Literacy Program– Promoting savings, use of ATMs, using basic mobile phones for banking, etc. Creation of Credit Guarantee Fund – To provide banks some guarantee against defaults. Insurance – Free accidental insurance cover on RuPay cards increased from Rs. 1 lakh to Rs. 2 lakh for PMJDY accounts opened after August 2018.
According to the Reserve Bank of India (Interest Rate on Advances) Directions, 2016, banks have the option to consider the outstanding balances of depos...
Which type of insurance policy provides coverage for a specific period of time?
What is the name of the regulatory body that oversees the functioning of commodity futures trading in India?
RSP Ltd has a net profit margin of 12% and a total asset turnover of 1.2 times and a financial leverage multiplier of 1.2 times. RSP Ltd’s return ...
In the realm of corporate accounting and finance, companies often need to allocate funds for various purposes ahead of time. One such allocation involve...
Which of the following statements is correct regarding the RBI’s Master Direction on KYC for CPs and NCDs?
Consider the following statements about Fiscal Policy statements mandated under FRBM Act.
1. Macroeconomic Framework Statement contains an ass...
Which of the following is correct regarding Reinvestment Risk?
i. When I...
What is the maximum loan amount under the third tranche of the PM SVANidhi Scheme?
The concept of "expectancy theory" in motivation, as proposed by Victor Vroom, posits that an individual's motivation is determined by three key factors...
