Question

Which of the following will come under the category of indigenous bankers?

• A. Co-operative Bank
• B. Mahajan
• C. Land Development Bank
• D. Regional Rural Bank

Hint:

Indigenous bankers = Mahajans, Seths, Shroffs, who lend money locally.

Answer 1

The Correct Option is B

Step 1: Understanding indigenous bankers.
Indigenous bankers are private money lenders or traditional financial intermediaries, often operating in local communities.
Step 2: Analyzing the options.
(A) Co-operative Bank – Incorrect, it is an organized bank.
(B) Mahajan – Correct, traditional moneylenders are indigenous bankers.
(C) Land Development Bank – Incorrect, deals with agricultural loans.
(D) Regional Rural Bank – Incorrect, these are scheduled banks, not indigenous.
Step 3: Conclusion.
Thus, indigenous bankers include Mahajans.