Banking Reforms During Liberalization

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26. The introduction of “Banking Codes and Standards Board of India” (BCSBI) aims to:

a) Regulate cooperative banks

b) Promote financial literacy among depositors

c) Ensure transparency and fair practices in the banking sector

d) Restrict lending activities of banks

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27. The introduction of “Rupay Card” aims to:

a) Monitor credit card usage in the banking sector

b) Regulate foreign banks operating in India

c) Promote cashless transactions in the banking sector

d) Streamline the operations of cooperative banks

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28. The introduction of the “Financial Stability and Development Council” (FSDC) aims to:

a) Monitor credit card usage in the banking sector

b) Regulate the operations of foreign banks in the domestic market

c) Promote monetary stability and financial sector development

d) Restrict lending activities of banks

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29. The “Pradhan Mantri Awas Yojana” (PMAY) aims to provide affordable housing to:

a) Large corporate borrowers

b) Micro, small, and medium enterprises (MSMEs)

c) Non-resident Indians (NRIs)

d) Economically weaker sections of society

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30. The introduction of the “Indradhanush Plan” aims to:

a) Promote agricultural lending

b) Regulate cooperative banks

c) Recapitalize public sector banks

d) Promote mobile banking initiatives

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