{"id":25831,"date":"2024-02-06T12:34:32","date_gmt":"2024-02-06T12:34:32","guid":{"rendered":"https:\/\/edukemy.com\/blog\/?p=25831"},"modified":"2024-02-06T15:22:56","modified_gmt":"2024-02-06T15:22:56","slug":"upsc-prelims-mock-test-economy-3","status":"publish","type":"post","link":"https:\/\/edukemy.com\/blog\/upsc-prelims-mock-test-economy-3\/","title":{"rendered":"UPSC Prelims Mock Test &#8211; ECONOMY 3"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full is-resized\"><a href=\"https:\/\/edukemy.com\/upsc\/upsc-prelims-test-series?utm_source=Blog&amp;utm_medium=Blog&amp;utm_campaign=Blog-%20PTS\" target=\"_blank\" rel=\"noreferrer noopener\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/02\/Prelims-Test-Series-eng-and-hindi-1280\u00d7330.svg\" alt=\"UPSC Prelims Mock Test - ECONOMY 2\" class=\"wp-image-24924\" width=\"779\" height=\"199\"\/><\/a><\/figure>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_73 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<label for=\"ez-toc-cssicon-toggle-item-69e6c919a63e3\" class=\"ez-toc-cssicon-toggle-label\"><p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-cssicon\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69e6c919a63e3\"  \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/edukemy.com\/blog\/upsc-prelims-mock-test-economy-3\/#Q1_What_isare_the_facilityfacilities_the_beneficiaries_can_get_from_the_services_of_Business_Correspondent_Bank_Saathi_in_branchless_areas\" title=\"Q1. What is\/are the facility\/facilities the beneficiaries can get from the services of Business Correspondent (Bank Saathi) in branchless areas?\">Q1. What is\/are the facility\/facilities the beneficiaries can get from the services of Business Correspondent (Bank Saathi) in branchless areas?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/edukemy.com\/blog\/upsc-prelims-mock-test-economy-3\/#Q2_The_Reserve_Bank_of_India_regulates_the_commercial_banks_in_matters_of\" title=\"Q2. The Reserve Bank of India regulates the commercial banks in matters of\">Q2. The Reserve Bank of India regulates the commercial banks in matters of<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/edukemy.com\/blog\/upsc-prelims-mock-test-economy-3\/#Q3_Priority_Sector_Lending_by_Banks_in_India_constitutes_lending_to\" title=\"Q3. Priority Sector Lending by Banks in India constitutes lending to\">Q3. Priority Sector Lending by Banks in India constitutes lending to<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/edukemy.com\/blog\/upsc-prelims-mock-test-economy-3\/#Q4_The_basic_aid_of_the_Lead_Bank_Scheme_is_that\" title=\"Q4. The basic aid of the Lead Bank Scheme is that\">Q4. The basic aid of the Lead Bank Scheme is that<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/edukemy.com\/blog\/upsc-prelims-mock-test-economy-3\/#Q5_The_Reserve_Bank_of_India_RBI_acts_as_a_bankers_bank_This_would_imply_which_of_the_following\" title=\"Q5. The Reserve Bank of India (RBI) acts as a bankers&#8217; bank. This would imply which of the following?\">Q5. The Reserve Bank of India (RBI) acts as a bankers&#8217; bank. This would imply which of the following?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/edukemy.com\/blog\/upsc-prelims-mock-test-economy-3\/#Q6_Microfinance_is_the_provision_of_financial_services_to_people_of_low-income_groups_This_includes_both_the_consumers_and_the_self-employed\" title=\"Q6. Microfinance is the provision of financial services to people of low-income groups. This includes both the consumers and the self-employed.\">Q6. Microfinance is the provision of financial services to people of low-income groups. This includes both the consumers and the self-employed.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/edukemy.com\/blog\/upsc-prelims-mock-test-economy-3\/#Q7_The_lowering_of_Bank_Rate_by_the_Reserve_Bank_of_India_leads_to\" title=\"Q7. The lowering of Bank Rate by the Reserve Bank of India leads to\">Q7. The lowering of Bank Rate by the Reserve Bank of India leads to<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/edukemy.com\/blog\/upsc-prelims-mock-test-economy-3\/#Q8_In_India_which_of_the_following_has_the_highest_share_in_the_disbursement_of_credit_to_agriculture_and_allied_activities\" title=\"Q8. In India, which of the following has the highest share in the disbursement of credit to agriculture and allied activities?\">Q8. In India, which of the following has the highest share in the disbursement of credit to agriculture and allied activities?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/edukemy.com\/blog\/upsc-prelims-mock-test-economy-3\/#Q9_Why_is_the_offering_of_%E2%80%9Cteaser_loans%E2%80%9D_by_commercial_banks_a_cause_of_economic_concern\" title=\"Q9. Why is the offering of &#8220;teaser loans&#8221; by commercial banks a cause of economic concern?\">Q9. Why is the offering of &#8220;teaser loans&#8221; by commercial banks a cause of economic concern?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/edukemy.com\/blog\/upsc-prelims-mock-test-economy-3\/#Q10_Consider_the_following_statements_The_Functions_of_commercial_banks_in_India_include\" title=\"Q10. Consider the following statements: The Functions of commercial banks in India include\">Q10. Consider the following statements: The Functions of commercial banks in India include<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/edukemy.com\/blog\/upsc-prelims-mock-test-economy-3\/#Q11_With_reference_to_the_institution_of_the_Banking_Ombudsman_in_India_which_one_of_the_statements_is_not_correct\" title=\"Q11. With reference to the institution of the Banking Ombudsman in India, which one of the statements is not correct?\">Q11. With reference to the institution of the Banking Ombudsman in India, which one of the statements is not correct?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/edukemy.com\/blog\/upsc-prelims-mock-test-economy-3\/#Q12_With_reference_to_India_consider_the_following\" title=\"Q12. With reference to India, consider the following:\">Q12. With reference to India, consider the following:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/edukemy.com\/blog\/upsc-prelims-mock-test-economy-3\/#Q13_When_the_Reserve_Bank_of_India_announces_an_increase_in_the_Cash_Reserve_Ratio_what_does_it_mean\" title=\"Q13. When the Reserve Bank of India announces an increase in the Cash Reserve Ratio, what does it mean?\">Q13. When the Reserve Bank of India announces an increase in the Cash Reserve Ratio, what does it mean?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/edukemy.com\/blog\/upsc-prelims-mock-test-economy-3\/#Q14_In_India_the_interest_rate_on_savings_accounts_in_all_the_nationalized_commercial_banks_is_fixed_by\" title=\"Q14. In India, the interest rate on savings accounts in all the nationalized commercial banks is fixed by\">Q14. In India, the interest rate on savings accounts in all the nationalized commercial banks is fixed by<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/edukemy.com\/blog\/upsc-prelims-mock-test-economy-3\/#Q15_With_reference_to_the_Non-banking_Financial_Companies_NBFCs_in_India_consider_the_following_statements\" title=\"Q15. With reference to the Non-banking Financial Companies (NBFCs) in India, consider the following statements:\">Q15. With reference to the Non-banking Financial Companies (NBFCs) in India, consider the following statements:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/edukemy.com\/blog\/upsc-prelims-mock-test-economy-3\/#Q16_Which_of_the_following_terms_indicates_the_mechanism_used_by_commercial_banks_for_providing_credit_to_the_government\" title=\"Q16. Which of the following terms indicates the mechanism used by commercial banks for providing credit to the government?\">Q16. Which of the following terms indicates the mechanism used by commercial banks for providing credit to the government?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/edukemy.com\/blog\/upsc-prelims-mock-test-economy-3\/#Q_17_Consider_the_following_statements\" title=\"Q 17. Consider the following statements:\">Q 17. Consider the following statements:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/edukemy.com\/blog\/upsc-prelims-mock-test-economy-3\/#Q18_The_National_Housing_Bank_was_set_up_in_India_as_a_wholly-owned_subsidiary_of_which_one_of_the_following\" title=\"Q18. The National Housing Bank was set up in India as a wholly-owned subsidiary of which one of the following?\">Q18. The National Housing Bank was set up in India as a wholly-owned subsidiary of which one of the following?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/edukemy.com\/blog\/upsc-prelims-mock-test-economy-3\/#Q19_In_India_deficit_financing_is_used_to_raise_resources_for\" title=\"Q19. In India, deficit financing is used to raise resources for\">Q19. In India, deficit financing is used to raise resources for<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/edukemy.com\/blog\/upsc-prelims-mock-test-economy-3\/#Q20_The_national_income_of_a_country_for_a_given_period_is_equal_to_the\" title=\"Q20. The national income of a country for a given period is equal to the\">Q20. The national income of a country for a given period is equal to the<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/edukemy.com\/blog\/upsc-prelims-mock-test-economy-3\/#Q21_Economic_growth_in_country_X_will_necessarily_have_to_occur_it\" title=\"Q21. Economic growth in country X will necessarily have to occur it\">Q21. Economic growth in country X will necessarily have to occur it<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/edukemy.com\/blog\/upsc-prelims-mock-test-economy-3\/#Q22_Which_one_of_the_following_is_likely_to_be_the_most_inflationary_in_its_effect\" title=\"Q22. Which one of the following is likely to be the most inflationary in its effect?\">Q22. Which one of the following is likely to be the most inflationary in its effect?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/edukemy.com\/blog\/upsc-prelims-mock-test-economy-3\/#Q23_A_rise_in_the_general_level_of_prices_may_be_caused_by\" title=\"Q23. A rise in the general level of prices may be caused by\">Q23. A rise in the general level of prices may be caused by<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/edukemy.com\/blog\/upsc-prelims-mock-test-economy-3\/#Q24_Consider_the_following_statements\" title=\"Q24. Consider the following statements:\">Q24. Consider the following statements:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/edukemy.com\/blog\/upsc-prelims-mock-test-economy-3\/#Q25_Consider_the_following_statements\" title=\"Q25. Consider the following statements:\">Q25. Consider the following statements:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/edukemy.com\/blog\/upsc-prelims-mock-test-economy-3\/#In_case_you_still_have_your_doubts_contact_us_on_9811333901\" title=\"In case you still have your doubts, contact us on 9811333901.&nbsp;\">In case you still have your doubts, contact us on 9811333901.&nbsp;<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/edukemy.com\/blog\/upsc-prelims-mock-test-economy-3\/#Visit_our_YouTube_Channel_%E2%80%93_here\" title=\"Visit our YouTube Channel \u2013&nbsp;here\">Visit our YouTube Channel \u2013&nbsp;here<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q1_What_isare_the_facilityfacilities_the_beneficiaries_can_get_from_the_services_of_Business_Correspondent_Bank_Saathi_in_branchless_areas\"><\/span>Q1. What is\/are the facility\/facilities the beneficiaries can get from the services of Business Correspondent (Bank Saathi) in branchless areas?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ol class=\"wp-block-list\"><li>It enables the beneficiaries to draw their subsidies and social security benefits in their villages.<\/li><li>It enables the beneficiaries in the rural areas to make deposits and withdrawals.<\/li><\/ol>\n\n\n\n<p>Select the correct answer using the code given below.<br>(a) 1 only<br>(b) 2 only<br>(c) Both 1 and 2 only<br>(d) Neither 1 nor 4<\/p>\n\n\n\n<p>Answer &#8211; C<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Besides giving access to banking, it also enables government subsidies and social security benefits to be directly credited to the accounts of the beneficiaries, enabling them to draw the money from the bank saathi or business correspondents in their village itself.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q2_The_Reserve_Bank_of_India_regulates_the_commercial_banks_in_matters_of\"><\/span>Q2. The Reserve Bank of India regulates the commercial banks in matters of<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ol class=\"wp-block-list\"><li>liquidity of assets<\/li><li>branch expansion<\/li><li>merger of banks<\/li><li>winding-up of banks <\/li><\/ol>\n\n\n\n<p>Select the correct answer using the codes given below:<br>(a) 1 and 4 only<br>(b) 2, 3, and 4 only<br>(c) 1, 2 and 3 only<br>(d) 1, 2, 3 and 4<\/p>\n\n\n\n<p>Answer &#8211; D<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The Reserve Bank of India is the main monetary authority of the country and besides that, in its capacity as the central bank, acts as the bank of the national and state governments. Sometimes it happens that some of the banks are closed due to nonrecovery of loans or other issues. In such conditions, people have to suffer the loss. For this reason there is a provision for winding up of the banking company under the Banking Regulation Act, 1949. The power of winding up of the Bank lies in the hand of Reserve Bank of India.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q3_Priority_Sector_Lending_by_Banks_in_India_constitutes_lending_to\"><\/span>Q3. Priority Sector Lending by Banks in India constitutes lending to<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>(a) Agriculture<br>(b) Micro and small enterprises<br>(c) Weaker sections<br>(d) All of the above<\/p>\n\n\n\n<p>Answer &#8211; D<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Priority Sector Lending is an important role given by the (RBI) to the banks for providing a specified portion of the bank lending to a few specific sectors like agriculture and allied activities, micro and small enterprises, poor people for housing, students for education, and other low-income groups and weaker sections.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q4_The_basic_aid_of_the_Lead_Bank_Scheme_is_that\"><\/span>Q4. The basic aid of the Lead Bank Scheme is that<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>(a) Big banks should try to open offices in each district.<\/p>\n\n\n\n<p>(b) There should be stiff competition among the various nationalized banks.<\/p>\n\n\n\n<p>(c) Individual banks should adopt particular districts for intensive development<\/p>\n\n\n\n<p>(d)All the banks should make intensive efforts to mobilize deposits<\/p>\n\n\n\n<p>Answer &#8211; B<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The basic aim of the Lead Bank Scheme is that there should be stiff competition among the various nationalized banks and big banks should try to open offices in each district.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q5_The_Reserve_Bank_of_India_RBI_acts_as_a_bankers_bank_This_would_imply_which_of_the_following\"><\/span>Q5. The Reserve Bank of India (RBI) acts as a bankers&#8217; bank. This would imply which of the following?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ol class=\"wp-block-list\"><li>Other banks retain their deposits with the RBI.<\/li><li>The RBI lends funds to the commercial banks in times of need.<\/li><li>The RBI advises the commercial banks on monetary matters.<\/li><\/ol>\n\n\n\n<p>Select the correct answer using the codes given below:<br>(a) 2 and 3 only<br>(b) 1 and 2 only<br>(c) 1 and 3 only<br>(d) 1, 2 and 3<\/p>\n\n\n\n<p>Answer &#8211; B<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The Reserve Bank of India acts as a banker&#8217;s bank because other commercial banks retain their deposit with RBI and RBI lends deposits to commercial banks at the time of emergency need.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q6_Microfinance_is_the_provision_of_financial_services_to_people_of_low-income_groups_This_includes_both_the_consumers_and_the_self-employed\"><\/span>Q6. Microfinance is the provision of financial services to people of low-income groups. This includes both the consumers and the self-employed.<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The service\/services rendered under microfinance is\/are:<\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>Credit facilities<\/li><li>Savings facilities<\/li><li>Insurance facilities<\/li><li>Fund Transfer facilities<\/li><\/ol>\n\n\n\n<p>Select the correct answer using the codes given below the lists:<br>(a) 1 only<br>(b) 1 and 4 only<br>(c) 2 and 3 only<br>(d) 1, 2, 3 and 4<\/p>\n\n\n\n<p>Answer &#8211; D<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Option (d) is correct:<\/strong> Microfinance is the provision of financial services to low-income clients or solidarity lending groups including consumers and the self-employed, who traditionally lack access to banking and related services. The microfinance sector has grown rapidly over the past few decades.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q7_The_lowering_of_Bank_Rate_by_the_Reserve_Bank_of_India_leads_to\"><\/span>Q7. The lowering of Bank Rate by the Reserve Bank of India leads to<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>(a) More liquidity in the market<br>(b) Less liquidity in the market<br>(c) No change in the liquidity in the market<br>(d) Mobilization of more deposits by commercial banks<\/p>\n\n\n\n<p>Answer &#8211; A<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The lowering of Bank Rates by the Reserve Bank of India leads to More liquidity in the market. Because when bank rate is low means more lending more customers approach banks for loans,so more liquidity in the market.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q8_In_India_which_of_the_following_has_the_highest_share_in_the_disbursement_of_credit_to_agriculture_and_allied_activities\"><\/span>Q8. In India, which of the following has the highest share in the disbursement of credit to agriculture and allied activities?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>(a) Commercial Banks<br>(b) Cooperative Banks<br>(c) Regional Rural Banks<br>(d) Microfinance Institutions<\/p>\n\n\n\n<p>Answer &#8211; A<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Commercial banks have the highest share in the disbursement of credit to agriculture and allied activities.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q9_Why_is_the_offering_of_%E2%80%9Cteaser_loans%E2%80%9D_by_commercial_banks_a_cause_of_economic_concern\"><\/span>Q9. Why is the offering of &#8220;teaser loans&#8221; by commercial banks a cause of economic concern?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ol class=\"wp-block-list\"><li>The teaser loans are considered to be an aspect of sub-prime lending and banks may be exposed to the risk of defaulters in the future.<\/li><li>In India, teaser loans are mostly given to inexperienced entrepreneurs to set up manufacturing or export units.<\/li><\/ol>\n\n\n\n<p>Which of the statements given above is\/are correct?<br>(a) 1 only<br>(b) 2 only<br>(c) Both 1 and 2<br>(d) Neither 1 nor 2<\/p>\n\n\n\n<p>Answer &#8211; A<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Statement 1 is correct <\/strong>because it includes the definition of teaser loans but statement 2 is not correct because in India teaser loans is provided to home buyers not setting up manufacturing or export units.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q10_Consider_the_following_statements_The_Functions_of_commercial_banks_in_India_include\"><\/span>Q10. Consider the following statements: The Functions of commercial banks in India include<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ol class=\"wp-block-list\"><li>Purchase and sale of shares and securities on behalf of customers.<\/li><li>Acting as executors and trustees of wills.<\/li><\/ol>\n\n\n\n<p>Which of the statements given above is\/are correct?<br>(a) 1 only<br>(b) 2 only<br>(c) Both 1 and 2<br>(d) Neither 1 nor 2<\/p>\n\n\n\n<p>Answer &#8211; C<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Miscellaneous functions of commercial banks in India include: <\/strong>Transfer and collection of funds purchase and sale of shares on behalf of customers acting as executors and transfers of wills purchase and sale of foreign exchange etc.<\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/edukemy.com\/free-resources-for-upsc?utm_source=Blog&amp;utm_medium=Banner&amp;utm_campaign=Resources\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" width=\"1280\" height=\"300\" data-src=\"https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/06\/18.png\" alt=\"\" class=\"wp-image-42398 lazyload\" data-srcset=\"https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/06\/18.png 1280w, https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/06\/18-1170x274.png 1170w, https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/06\/18-585x137.png 585w\" data-sizes=\"(max-width: 1280px) 100vw, 1280px\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" style=\"--smush-placeholder-width: 1280px; --smush-placeholder-aspect-ratio: 1280\/300;\" \/><\/a><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q11_With_reference_to_the_institution_of_the_Banking_Ombudsman_in_India_which_one_of_the_statements_is_not_correct\"><\/span>Q11. With reference to the institution of the Banking Ombudsman in India, which one of the statements is not correct?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>(a) The Banking Ombudsman is appointed by the Reserve Bank of India<\/p>\n\n\n\n<p>(b) The Banking Ombudsman can consider complaints from Non-Resident Indians having accounts in India<\/p>\n\n\n\n<p>(c) The orders passed by the Banking Ombudsman, are final and binding on the parties concerned<\/p>\n\n\n\n<p>(d) The service provided by the Banking Ombudsman is free of any fee<\/p>\n\n\n\n<p>Answer &#8211; C<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The Banking Ombudsman is a quasi-judicial authority functioning under India&#8217;s Banking Ombudsman Scheme 2006, and was created pursuant to the a decision by the Government of India to enable the resolution of complaints of customers of banks relating to certain services rendered by the banks The Banking Ombudsman Scheme was first introduced in India in 1995, and was revised The current scheme became operative from 1st January 2006, and replaced and superseded the bankingOmbudsman Scheme of 2002.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q12_With_reference_to_India_consider_the_following\"><\/span>Q12. With reference to India, consider the following:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ol class=\"wp-block-list\"><li>Nationalization of Banks<\/li><li>Formation of Regional Rural Banks<\/li><li>Adoption of villages by Bank Branches<\/li><\/ol>\n\n\n\n<p>Which of the above can be considered as steps taken to achieve the &#8220;financial inclusion&#8221; in India?<br>(a) 1 and 2 only<br>(b) 2 and 3 only<br>(c) 3 only<br>(d) 1, 2 and 3<\/p>\n\n\n\n<p>Answer &#8211; D<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Financial inclusion&#8221; is the delivery of financial services at affordable costs to vast sections of disadvantaged and low-income groups. Unrestrained access to public goods and services is the sine qua non of an open and efficient society.<\/li><li>Banking services are in the nature of the public good. It is essential that availability of banking and payment services be available to the entire population without discrimination. This is the prime objective of the government.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q13_When_the_Reserve_Bank_of_India_announces_an_increase_in_the_Cash_Reserve_Ratio_what_does_it_mean\"><\/span>Q13. When the Reserve Bank of India announces an increase in the Cash Reserve Ratio, what does it mean?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>(a) The commercial banks will have less money to lend<br>(b) The Reserve Bank of India has less money to lend<br>(c) The Union Government will have less money to lend<br>(d) The commercial banks will have more money to lend<\/p>\n\n\n\n<p>Answer &#8211; A<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>CRR refers to the percentage of deposits banks have to keep as reserves (in cash). This reserve sum is not available for banks to lend and thus if the CRR increases, banks will have less money to lend<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q14_In_India_the_interest_rate_on_savings_accounts_in_all_the_nationalized_commercial_banks_is_fixed_by\"><\/span>Q14. In India, the interest rate on savings accounts in all the nationalized commercial banks is fixed by<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>(a) Union Ministry of Finance<br>(b) Union Finance Commission<br>(c) Indian Banks&#8217; Association<br>(d) None of the above<\/p>\n\n\n\n<p>Answer &#8211; D<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>It is fixed by the Reserve Bank of India. In 2011 RBI permitted commercial banks to fix interest rates on savings accounts independently. The rate of interest up to Rs. 1 lakh has to be the same for every bank.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q15_With_reference_to_the_Non-banking_Financial_Companies_NBFCs_in_India_consider_the_following_statements\"><\/span>Q15. With reference to the Non-banking Financial Companies (NBFCs) in India, consider the following statements:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ol class=\"wp-block-list\"><li>They cannot engage in the acquisition of securities issued by the government.<\/li><li>They cannot accept demand deposits like Savings Accounts.<\/li><\/ol>\n\n\n\n<p>Which of the statements given above is\/are correct?<\/p>\n\n\n\n<p>(a) 1 only<br>(b) 2 only<br>(c) Both 1 and 2<br>(d) Neither 1 nor 2<\/p>\n\n\n\n<p>Answer &#8211; B<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>A non-banking financial company (NBFC) is a company registered under the Companies Act, 1956 and is engaged in the business of loans and advances, acquisition of shares\/stock\/bonds\/ debentures\/ securities issued by a government or local authority or other securities of like marketable nature, leasing, hire-purchase, insurance business, chit business, but does not include any institution whose principal business is that of agriculture activity, industrial activity, sale\/purchase\/ construction of immovable property. They cannot accept demand deposits like commercial banks as they are not a part of the clearance and settlement.<\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><a href=\"https:\/\/edukemy.com\/upsc\/upsc-essay?utm_source=Blog&amp;utm_medium=Banner&amp;utm_campaign=Essay\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" data-src=\"https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/06\/UPSC-Essay-Course-1280\u00d7300-1-3.svg\" alt=\"\" class=\"wp-image-42688 lazyload\" width=\"781\" height=\"182\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" style=\"--smush-placeholder-width: 781px; --smush-placeholder-aspect-ratio: 781\/182;\" \/><\/a><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q16_Which_of_the_following_terms_indicates_the_mechanism_used_by_commercial_banks_for_providing_credit_to_the_government\"><\/span>Q16. Which of the following terms indicates the mechanism used by commercial banks for providing credit to the government?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>(a) Cash Credit Ratio<br>(b) Debt Service Obligation<br>(c) Liquidity Adjustment Facility<br>(d) Statutory Liquidity Ratio<\/p>\n\n\n\n<p>Answer &#8211; D<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Statutory Liquidity Ratio (SLR) is the mechanism used to by the RBI to regulate the liquidity of the commercial banks. Under SLR, commercial banks invest a certain percentage of their money in Government securities and other assets like gold so as to comply with RBI guidelines.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_17_Consider_the_following_statements\"><\/span>Q 17. Consider the following statements:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ol class=\"wp-block-list\"><li>The repo rate is the rate at which other banks borrow from the Reserve Bank of India.<\/li><li>A value of 1 for the Gini Coefficient in a country implies that there is a perfectly equal income for everyone in its population.<\/li><\/ol>\n\n\n\n<p>Which of the statements given above is\/are correct?<br>(a) 1 only<br>(b) 2 only<br>(c) Both 1 and 2<br>(d) Neither 1 nor 2<\/p>\n\n\n\n<p>Answer &#8211; A<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Repo Rate is the rate at which commercial banks borrow funds from RBI. A reduction in the repo rate will help banks to get money from the central bank at a cheaper rate. When the repo rate increases borrowing from RBI becomes more expensive. A value of 0 for the Gini Coefficient in a country implies that there is perfect equality in the system. If the value is 1 then there is complete inequality in the country<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q18_The_National_Housing_Bank_was_set_up_in_India_as_a_wholly-owned_subsidiary_of_which_one_of_the_following\"><\/span>Q18. The National Housing Bank was set up in India as a wholly-owned subsidiary of which one of the following?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>(a) State Bank of India<br>(b) Reserve Bank of India<br>(c) ICICI Bank<br>(d) Life Insurance Corporation of India<\/p>\n\n\n\n<p>Answer &#8211; B<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The National Housing Bank, the apex institution of housing finance in India, was set up as a wholly-owned subsidiary of the RBI.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q19_In_India_deficit_financing_is_used_to_raise_resources_for\"><\/span>Q19. In India, deficit financing is used to raise resources for<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>(a) economic development<br>(b) redemption of public debt<br>(c) adjusting the balance of payments<br>(d) reducing the foreign debt<\/p>\n\n\n\n<p>Answer &#8211; A<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Deficit financing is used to raise resources for economic development.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q20_The_national_income_of_a_country_for_a_given_period_is_equal_to_the\"><\/span>Q20. The national income of a country for a given period is equal to the<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>(a) the total value of goods and services produced by the nationals<br>(b) the sum of total consumption and investment expenditure<br>(c) the sum of personal income of all individuals<br>(d) money value of final goods and services produced<\/p>\n\n\n\n<p>Answer &#8211; D<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The national income of a country for a given period is equal to the Money value of final goods and services produced.<\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/edukemy.com\/upsc-current-affairs?utm_source=Blog&amp;utm_medium=Banner&amp;utm_campaign=Current+Affairs\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" width=\"1280\" height=\"300\" data-src=\"https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/06\/19.png\" alt=\"\" class=\"wp-image-42406 lazyload\" data-srcset=\"https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/06\/19.png 1280w, https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/06\/19-1170x274.png 1170w, https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/06\/19-585x137.png 585w\" data-sizes=\"(max-width: 1280px) 100vw, 1280px\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" style=\"--smush-placeholder-width: 1280px; --smush-placeholder-aspect-ratio: 1280\/300;\" \/><\/a><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q21_Economic_growth_in_country_X_will_necessarily_have_to_occur_it\"><\/span>Q21. Economic growth in country X will necessarily have to occur it<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>(a) there is technical progress in the world economy<br>(b) there is population growth in X<br>(c) there is capital formation in X<br>(d) the volume of trade grows in the world economy<\/p>\n\n\n\n<p>Answer &#8211; C<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Capital formation brings additional income production in the economy, which enhances growth. Other choices do not lead to growth.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q22_Which_one_of_the_following_is_likely_to_be_the_most_inflationary_in_its_effect\"><\/span>Q22. Which one of the following is likely to be the most inflationary in its effect?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>(a) Repayment of public debt<br>(b) Borrowing from the public to finance a budget deficit<br>(c) Borrowings from banks to finance a budget deficit<br>(d) Creating new money to finance a budget deficit<\/p>\n\n\n\n<p>Answer &#8211; D<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Deficit financing always brings inflationary pressure whatever the means but &#8216;creation&#8217; (printing) of new money has the highest inflationary impact.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q23_A_rise_in_the_general_level_of_prices_may_be_caused_by\"><\/span>Q23. A rise in the general level of prices may be caused by<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ol class=\"wp-block-list\"><li>An increase in the money supply<\/li><li>A decrease in the aggregate level of output<\/li><li>An increase in the effective demand<\/li><\/ol>\n\n\n\n<p>Select the correct answer using the codes given below:<br>(a) 1 only<br>(b) 1 and 2 only<br>(c) 2 and 3 only<br>(d) 1, 2 and 3<\/p>\n\n\n\n<p>Answer -D<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>A rise in price means inflation can be caused by money supply, by reducing the supply i.e. decrease in aggregate level of output, and due to an increase in demand<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q24_Consider_the_following_statements\"><\/span>Q24. Consider the following statements:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ol class=\"wp-block-list\"><li>Inflation benefits the debtors.<\/li><li>Inflation benefits the bondholders.<\/li><\/ol>\n\n\n\n<p>Which of the statements given above is\/are correct?<\/p>\n\n\n\n<p>(a) 1 only<br>(b) 2 only<br>(c) Both 1 and 2<br>(d) Neither 1 nor 2<\/p>\n\n\n\n<p>Answer &#8211; A<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Inflation redistributes wealth from creditors to debtors i.e. lenders suffer and borrowers benefit from inflation.<\/li><li>Bond holders This person has lent money (to debtor) and received a bond in return. So he is a lender, and he suffers.<\/li><li>Therefore Answer choice is (A) 1 only (Debtor benefits from inflation).<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q25_Consider_the_following_statements\"><\/span>Q25. Consider the following statements:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ol class=\"wp-block-list\"><li>The price of any currency in international the market is decided by the World Bank<\/li><li>Demand for goods\/services provided by the country concerned<\/li><li>Stability of the government of the concerned country<\/li><li>The economic potential of the country in question.<\/li><\/ol>\n\n\n\n<p>Which of the statements given above are correct?<br>(a) 1, 2 3, and 4<br>(b) 2 and 3 only<br>(c) 3 and 4 only<br>(d) 1 and 4 only<\/p>\n\n\n\n<p>Answer &#8211; B<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The price of any currency is the international market is determined by the forces of demand and supply. Demand for a currency increases if the demand for the goods and services provided by that country increases. Moreover, a stable Govt gives confidence to investors and raises the demand for the currency of that country.<\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/edukemy.com\/upsc\/upsc-cse-gs-integrated-course?utm_source=Blog&amp;utm_medium=Banner&amp;utm_campaign=GS+Integrated\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" width=\"1280\" height=\"300\" data-src=\"https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/06\/8.png\" alt=\"\" class=\"wp-image-42401 lazyload\" data-srcset=\"https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/06\/8.png 1280w, https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/06\/8-1170x274.png 1170w, https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/06\/8-585x137.png 585w\" data-sizes=\"(max-width: 1280px) 100vw, 1280px\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" style=\"--smush-placeholder-width: 1280px; --smush-placeholder-aspect-ratio: 1280\/300;\" \/><\/a><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"In_case_you_still_have_your_doubts_contact_us_on_9811333901\"><\/span><strong>In case you still have your doubts, contact us on 9811333901.<\/strong>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>For UPSC Prelims Resources,&nbsp;<a href=\"https:\/\/edukemy.com\/upsc-cse-prelims-resource-centre\" target=\"_blank\" rel=\"noreferrer noopener\">Click here<\/a><\/p>\n\n\n\n<p>For Daily Updates and Study Material:<\/p>\n\n\n\n<p>Join our Telegram Channel \u2013&nbsp;<a href=\"https:\/\/t.me\/WithEdukemy4IAS\" target=\"_blank\" rel=\"noreferrer noopener\">Edukemy for IAS<\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>1. Learn through Videos \u2013&nbsp;<a href=\"https:\/\/bit.ly\/3vOD8sU\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a><\/li><li>2. Be Exam Ready by Practicing Daily MCQs \u2013&nbsp;<a href=\"https:\/\/bit.ly\/3Q9z2nF\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a><\/li><li>3. Daily Newsletter \u2013 Get all your Current Affairs Covered \u2013&nbsp;<a href=\"https:\/\/bit.ly\/3bE2y5J\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a><\/li><li>4. Mains Answer Writing Practice \u2013&nbsp;<a href=\"https:\/\/bit.ly\/3mZuVxl\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a><\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Visit_our_YouTube_Channel_%E2%80%93_here\"><\/span>Visit our YouTube Channel \u2013&nbsp;<a href=\"https:\/\/www.youtube.com\/@ShabbirsEduKemyforIAS\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a><span class=\"ez-toc-section-end\"><\/span><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>Q1. What is\/are the facility\/facilities the beneficiaries can get from the services of Business Correspondent (Bank Saathi) in<\/p>\n<p>branchless areas?<\/p>\n","protected":false},"author":17,"featured_media":25850,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[1644],"tags":[232,515,231],"class_list":["post-25831","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-upsc-prelims","tag-upsc","tag-upsc-cse","tag-upsc-prelims"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/posts\/25831","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/comments?post=25831"}],"version-history":[{"count":3,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/posts\/25831\/revisions"}],"predecessor-version":[{"id":25856,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/posts\/25831\/revisions\/25856"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/media\/25850"}],"wp:attachment":[{"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/media?parent=25831"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/categories?post=25831"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/tags?post=25831"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}