6. Which of the following entities can promote a Local Area Bank in India?
a) Non-Banking Financial Companies (NBFCs).
b) Cooperative Societies.
c) Regional Rural Banks (RRBs).
d) All of the above.
7. Local Area Banks are registered as which type of banks in India?
b) Private Sector Banks.
c) Cooperative Banks.
d) Not-for-profit Banks.
8. Who is responsible for regulation and supervision of Local Area Banks in India?
a) Ministry of Finance.
b) Securities and Exchange Board of India (SEBI).
c) Reserve Bank of India (RBI).
d) Indian Banks’ Association (IBA).
9. Local Area Banks focus on lending to which sector?
a) Large Corporates.
b) Micro, Small, and Medium Enterprises (MSMEs).
c) Agriculture.
d) Individuals.
10. The first Local Area Bank in India was established in which year?
a) 1995.
b) 1996.
c) 1997.
d) 1998.
