If you fail, never give up because FAIL means 'First Attempt In Learning'.— A. P. J. Abdul Kalam

Banking and finance — quick quiz

5 real RPSC RAS questions on Banking and finance. Instant scoring and solutions, no signup — see where you stand in ~3 minutes.

Question 1 of 5

MEDIUM

With reference to the banking sector in India, consider the following statements: 1. Payment Banks are permitted to accept demand deposits up to ₹2 lakh per customer. 2. Small Finance Banks can undertake basic banking activities including accepting deposits and lending. 3. Regional Rural Banks are jointly owned by the Central Government, State Government and Sponsor Banks. Which of the statements given above is/are correct?