Wholesale bank - GS questions based on daily current affairs

1)   Which of the following statements are correct?

1. Wholesale bank can accept deposits larger than Rs.5 crore.
2. It only lends in niche wholesale markets such as infrastructure or corporates.

a. Only 1
b. Only 2
c. Both 1 and 2
d. None of the above
Answer  Explanation 

ANSWER: Both 1 and 2

Explanation:
Nachiket Mor Committee recommends a new type of bank called “Wholesale bank.”Wholesale banking deals with larger institutions.

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