With reference to India, consider the following
1. Lead Bank Scheme
2. No-frills accounts
3. Differential Rate of Interest scheme
4. Teaser loans
Which of the above can be considered as steps taken to achieve "financial inclusion" in India?
Which of the following statements is/are correct about Local Area Banks?
I. They will be allowed to perform all functions of a scheduled commercial bank.
II. They are likely to have a capital adequacy ratio higher than 15% to offset business risk.
Which of the following statements is/are correct about Swabhiman scheme?
I. It focuses on the opening of bank accounts in rural areas.
II. Banks to operate in areas with population of more than 1600 in plain areas and 1000 in north-eastern and hilly states.