Banking Reforms During Liberalization

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41. The introduction of “Sovereign Gold Bond Scheme” aims to:

a) Regulate the operations of cooperative banks

b) Promote agricultural lending

c) Encourage individuals to invest in gold in a dematerialized form

d) Promote mobile banking initiatives

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42. The introduction of “National Rural Livelihood Mission” (NRLM) aims to:

a) Encourage agricultural lending

b) Promote financial literacy among depositors

c) Empower rural women through self-help groups and skill development

d) Support banks in distress

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43. The introduction of the “Micro Units Development and Refinance Agency” (MUDRA) aims to:

a) Regulate foreign banks operating in India

b) Promote digital banking initiatives

c) Support microenterprises by providing affordable credit

d) Restrict lending activities of banks

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44. The introduction of “Pradhan Mantri Fasal Bima Yojana” (PMFBY) aims to provide crop insurance coverage to:

a) Large corporate borrowers

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

c) Non-resident Indians (NRIs)

d) Farmers against crop loss due to natural calamities

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45. The introduction of “Stand Up India” aims to promote:

a) Agricultural lending

b) Investments in mutual funds

c) Financial inclusion and entrepreneurship among women and SC/ST communities

d) Pension coverage for the unorganized sector

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