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:
Red Book
Red Book

[A] Only one

[B] Only two

[C] Only three

[D] None

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

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