79. As per the reports published in various journals and newspapers, the " small borrowers " in rural areas still prefer to take informal route for their credit needs. Which of the following is the " informal route " of credit in the financial sector? [Punjab & Sindh 2011]
|Answer : Option D|
81. The Reserve Bank of India (RBI) has recently issued guidelines for asset reconstruction companies (ARCs) to increase their investments in security receipts (SRs) with the objective of strengthening the asset recovery sector. What is the minimum prescribed percentage of funds that ARCs would now have to invest in SRs as directed in this RBI guideline?
|Answer : Option C|
85. Which of the following statements is/ are correct?
1. At present Micro Finance Institutions (MFls) obtain finance from banks according to RBI guidelines.
2 . MFIs provide small scale credit to low income households and small informal businesses.
Select the correct option from the codes given below:
|Answer : Option B|