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Recently RBI issued licenses to ten so-called small finance banks. Eight of them are from the microfinance industry, which was on the verge of collapse just five years back. Explain the reasons why this industry almost went bankrupt and then resurrected back to convince RBI to issue them licenses.

MAINS SELF STUDY GUIDE: Insights Mock Test – 29 (GS-3)

TIMETABLE

NOTE: Those who want to write in notebook should treat this as a Real Exam and try to complete the paper within Three Hours. You can download PDF copy of the same HERE. The Timetable is HERE.

Insights Mains Offline Test Series 2015

GENERAL STUDIES – 3

Mock Test – 29                                                                                                         

10 December 2015

  1. Recently RBI issued licenses to ten so-called small finance banks. Eight of them are from the microfinance industry, which was on the verge of collapse just five years back. Explain the reasons why this industry almost went bankrupt and then resurrected back to convince RBI to issue them licenses.