Question

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

• A. i only correct
• B. iii, iv correct
• C. iv only correct
• D. ii only correct

Answer 1

Answer:

D. ii only correct

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