Which of the following concepts are related to social banking or social control of banks ?
Priority sector loans and rural banking express the social-banking objective of directing finance towards underserved sectors and communities. Internet and mobile banking…
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Which of the following concepts are related to social banking or social control of banks ?
Answer and explanation
Correct answer A
Priority sector loans and rural banking express the social-banking objective of directing finance towards underserved sectors and communities. Internet and mobile banking describe delivery technologies; private-bank categories and fintech services do not themselves specify socially directed credit allocation.
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Karnataka SET (KSET)