Q. Which of the following is/are traditional indigenous bankers?
1.Chettiars
2.Bakarwals
3.Gujarati Shroffs
Select the correct answer from below given codes:
Answer: B
Notes:
Explanation: Indigenous bankers receive deposits and lend money in the capacity of individual or private firms.
There are, basically, four such bankers in the country functioning as non-homogenous groups:
(a) Gujarati Shroffs: They operate in Mumbai, Kolkata as well as in industrial, trading and port cities in the region.
(b) Multani or Shikarpuri Shroffs: They operate in Mumbai, Kolkata, Assam tea gardens and Northeastern India.
(c) Marwari Kayas: They operate mainly in Gujarat with a little bit of presence in Mumbai and Kolkata.
(d) Chettiars: They are active in Chennai and at the ports of southern India.
Source: Ramesh Singh