Q. Consider the following statements:
1.Regional Rural Banks (RRBs) are excluded from providing loans under Pradhan Mantri Mudra Yojana (PMMY).
2.MUDRA Card can be used for drawing cash from an ATM.
Select the correct statements using the code given below:

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: B
Notes:

Explanation –

Statement 1 is incorrect. The loans under Pradhan Mantri Mudra Yojana (PMMY) are extended by Member Lending Institutions (MLIs) viz Scheduled Commercial Banks, Regional Rural Banks (RRBs), Small Finance Banks (SFBs), Non-Banking Financial Companies (NBFCs), Micro Finance Institutions (MFIs) etc.

Statement 2 is correct. MUDRA Card is a RuPay debit card, it can be used for drawing cash from an ATM.

Source: ForumIAS