RBI new policy on Cardless Cash withdrawal from all bank’s ATM #shorts #investing #facts

Which bank has allowed its cutomers to make cardless cash withdrawls at over 100,000 ATMs across India ?

Which of the following is/are included in 'Deficit Financing in India. The term is used frequently in economic planning: 1. Borrowing from the Reserve Bank of India 2. Issue of new currency notes 3. withdrawal of past balances / surpluses etc

What role of RBI is know as 'lender of last resort'? Hint : When commercial banks fail to meet their financial requirements from other sources, they approach the central bank, which gives loans and advances as lender of the last resort. If commercial banks have insufficient reserves to meet any financial obligation, then in order to avoid financial panic, there must be a guarantee that banks can get cash if they really need it. Central Bank is the only institution that performs the role of lender of last resort.

The question given below consists of a statement, followed by three arguments numbered I, II and III. You have to decide which of the given arguments is/are ‘strong’ arguments and which is/are ‘weak’ arguments and accordingly choose your answer from the alternatives given below each question. Statement: A shortage of bank branches and ATMs across India’s hinterland is holding back Prime Minister Narendra Modi’s financial inclusion efforts and risks angering rural voters ahead of elections next year. After taking office in 2014, Modi set an ambitious target to open a bank account for every household to ensure welfare funds flow directly to India’s poor, while improving access to credit and insurance programs. He pushed policies that helped bring 310 million people into the formal banking system in just four years, according to the World Bank. Based on the arguments stated below and the information stated above, which of the following arguments state the reason for the problem, ‘But many of India’s villages still lack bank branches or ATMs to help service new customers, while the pace of building new financial infrastructure has actually slowed’. Arguments: I. Because Modi’s government effectively forced poor citizens into the banking system by linking some welfare benefits to bank accounts, villagers have ended up stuck in long queues and struggling with ATMs that often run out of cash or break down. II. With an election due next year, the mismatch between the government’s policies and the rural banking system is generating frustration among a key slice of India’s electorate. III. The banking system struggled to keep up, while some gains proved temporary. Nearly half of the Indian bank accounts were inactive in 2017, meaning they weren’t used at all in the last 12 months

Select the phrase/connector from the given three options which can be used to form a single sentence from the two sentences given below, implying the same meaning as expressed in the statement sentences. RBI is concerned about the risk of investing in mutual funds. RBI is likely to ask banks to reduce their investments in mutual funds. (A) At the risk of investing (B) To reduce investments (C) Concern for the risk