26. Which of the following is not an eligible promoter category for Small Finance Banks?
a) Microfinance institution
b) Non-Banking Financial Company
c) Cooperative bank
d) Small Industries Development Bank of India (SIDBI)
Answer: d) Small Industries Development Bank of India (SIDBI)
27. Small Finance Banks cannot provide loans against collateral.
a) True
b) False
Answer: b) False
28. Small Finance Banks are required to have what percentage of their loans in the priority sector category?
a) 25%
b) 40%
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c) 50%
d) 75%
Answer: c) 50%
29. Which of the following is true about the tenure of the CEO of a Small Finance Bank?
a) Fixed for 5 years
b) Renewable every 3 years
c) Fixed for 10 years
d) No specific tenure
Answer: b) Renewable every 3 years
30. Small Finance Banks cannot offer internet banking services to their customers.
a) True
b) False
Answer: b) False
