16. The introduction of the Pradhan Mantri Jan Dhan Yojana (PMJDY) aims to:
a) Promote agricultural lending
b) Eliminate black money from the economy
c) Provide universal access to banking facilities to all households
d) Encourage foreign direct investment (FDI) in the banking sector
17. The introduction of the “Goods and Services Tax Network” (GSTN) aims to:
a) Regulate the operations of foreign banks in the domestic market
b) Implement a unified tax system across the country
c) Promote cashless transactions in the banking sector
d) Streamline the operations of cooperative banks
18. The introduction of “Aadhaar Pay” aims to:
a) Regulate the operations of cooperative banks
b) Promote financial inclusion by providing unique identification for individuals
c) Regulate foreign exchange transactions
d) Facilitate the merger of public sector banks
19. The introduction of the “Insolvency and Bankruptcy Board of India” (IBBI) aims to:
a) Regulate foreign direct investment (FDI) in the banking sector
b) Promote mergers and acquisitions in the banking sector
c) Facilitate the resolution of insolvency cases in a time-bound manner
d) Promote cashless transactions in the banking sector
20. The introduction of the “Indian Financial Intelligence Unit” (IFIU) aims to:
a) Monitor credit card usage in the banking sector
b) Promote digital banking initiatives
c) Regulate foreign banks operating in India
d) Combat money laundering and terrorist financing activities
