Bhartiya Mahila Bank : Only public sector bank entirely owned by government - General Economics

Q.  Consider the following statements related to Bhartiya Mahila Bank

1. It is the only public sector bank in the country entirely owned by the government
2. This bank works exclusively for women

Which of the above statements is/are correct?
- Published on 06 May 15

a. Only 1
b. Only 2
c. Both
d. None

ANSWER: Only 1
 
Although initially reported as a bank exclusively for women, the bank allows deposits to flow from everyone, but lending will be predominantly for women

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