Which of the following statements is/are correct about Local Area Banks? I. They will be allowed to perform all functions of a scheduled commercial bank. II. They are likely to have a capital adequacy ratio higher than 15% to offset business risk.

Which of the following statements is/are correct about Local Area Bank

1.	Which of the following statements is/are correct about Local Area Banks? I. They will be allowed to perform all functions of a scheduled commercial bank. II. They are likely to have a capital adequacy ratio higher than 15% to offset business risk.
A.	I only
B.	II only
C.	Both I and II
D.	None of these
Answer» D. None of these

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Which of the following statements is/are correct about Local Area Banks? I. They will be allowed to perform all functions of a scheduled commercial bank. II. They are likely to have a capital adequacy ratio higher than 15% to offset business risk.

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