Small Finance Banks

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6. What is the objective of Small Finance Banks in India?

a) Financial inclusion of unbanked and underbanked sections of the society

b) Profit maximization for shareholders

c) Provision of capital for large industries

d) Promoting foreign investment in India

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7. Which of the following services are provided by Small Finance Banks?

a) Accepting deposits

b) Providing credit facilities

c) Remittance services

d) All of the above

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8. Small Finance Banks are not allowed to provide which of the following services?

a) Insurance products

b) Mutual fund schemes

c) Credit cards

d) Online banking facilities

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9. How many Small Finance Banks were granted licenses in the first phase of their establishment?

a) 10

b) 12

c) 15

d) 20

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10. The first Small Finance Bank to start its operations in India was:

a) Ujjivan Small Finance Bank

b) Equitas Small Finance Bank

c) Fincare Small Finance Bank

d) Suryoday Small Finance Bank

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