Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Banking and Financial Awareness Basic Banking Concepts
Consider the following statements
1. Small banks provide both deposits and credit facilities.
2. The maximum loan size and investment limit of the Small banks to a single borrower would be restricted to 15% of capital funds.
3. The Loans and advances of up to Rs. 25 lakhs primarily to micro-enterprises should constitute at least 50% of the loan portfolio.
Which of the above statements is/are correct?
1
1 only
2
1 and 3 only
3
2 and 3 only.
4
All are correct.