21. The “Pradhan Mantri Mudra Yojana” (PMMY) aims to provide financial support to:
a) Large corporate borrowers
b) Self-help groups and small businesses
c) Non-resident Indians (NRIs)
d) Foreign investors
22. The introduction of “Banking Ombudsman” aims to:
a) Regulate cooperative banks
b) Promote financial literacy among depositors
c) Resolve complaints and grievances of bank customers
d) Restrict lending activities of banks
23. The introduction of the “Bharat Bill Payment System” (BBPS) aims to:
a) Monitor credit card usage in the banking sector
b) Simplify and streamline bill payments for various services
c) Promote agricultural lending
d) Support banks in distress
24. The introduction of the “Indian Banking Association” (IBA) aims to:
a) Regulate foreign direct investment (FDI) in the banking sector
b) Represent the collective interests of banks and advocate policy changes
c) Promote mergers and acquisitions in the banking sector
d) Ensure transparency in the operations of cooperative banks
25. The introduction of “Secondary Market Operations” aims to:
a) Encourage excessive risk-taking by banks
b) Regulate the operations of foreign banks in the domestic market
c) Regulate monetary policy through open market operations
d) Promote mobile banking initiatives
