Banking Awareness - Types Of Bank Accounts
Which authority mandated banks to offer Basic Savings Bank Deposit Accounts (BSBDA)?
Which authority mandated banks to offer Basic Savings Bank Deposit Accounts (BSBDA)?
medium Q15 of 15
Step-by-Step Solution
Step 1: Identify the regulatory body for banks.
Banking regulations in India are issued by RBI.Step 2: Apply to BSBDA.
BSBDA was mandated by RBI as part of financial inclusion.Final Answer:
Reserve Bank of India → Option DQuick Check:
Banking rules and inclusion accounts = RBI ✅
Quick Trick: Any basic banking mandate usually comes from RBI.
Common Mistakes:
MISTAKES- Confusing RBI’s role with government ministries.
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