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Which of the following statements are true about Local area banks ?

  1. Minimum capital to set up, 5 Lakhs
  2. Licence of Subhadra Lab was cancelled by RBI in 2020
  3. Registered under BR act
  4. Govt Sector bank

    Ai only correct

    Biii, iv correct

    Civ only correct

    Dii only correct

    Answer:

    D. ii only correct

    Read Explanation:

    .

    Related Questions:

    The RBI allowed some common ATMs that are owned and managed by non-banking organizations hoping to cut transaction cost for banks. Such ATMS are known as

    1. Offsite ATMs
    2. Black Label ATMS
    3. Onsite ATMs or Red ATMs
    4. Throd party ATMS
    5. White Label ATMS
      The ... was established in 1969 as an apex organization for coordinating, guiding and promoting cooperative housing activities in India.
      Management audit is conducted by:

      From the following Statement, which statement is viable to the central cooperative bank?

      1. The share capital when compared to the total working capital is too small.
      2. They failed in mobilising deposits; instead they depended on the apex bank.
      3. Banking and non banking activities were mixed, which was against the banking principles.
      4. To act as a balancing center for resources for primary societies.
        Adjustment made for outstanding expenses, prepaid expenses are according to --- Principle.