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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 ?

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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)

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