Consider the following statements related to Bhartiya Mahila Bank1. It is the only public sector bank in the country entirely owned by the government2. This bank works exclusively for womenWhich of the above statements is/are correct?

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Consider the following statements related to Bhartiya Mahila Bank
1. It is the only public sector bank in the country entirely owned by the government
2. This bank works exclusively for women
Which of the above statements is/are correct?

Only 1

Only 2

Both

None

Explanation:

Although initially reported as a bank exclusively for women, the bank allows deposits to flow from everyone, but lending will be predominantly for women

Next Question

Consider the following statements related to FDI in retail
1. India allows 100% FDI in single-brand stores but imposed the requirement that the single brand retailer source 30 percent of its goods from India.
2. Government of India allowed 100% FDI in multi-brand retail in India after approval from individual state
Which of the above statements is/are correct?

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