Q. Bring out the only incorrect statement:
Answer: National Housing Bank can lend money to small scale industries towards their working capital
Notes: The incorrect statement is that the National Housing Bank (NHB) can lend money to small scale industries towards their working capital. The NHB primarily focuses on promoting housing finance institutions and does not directly lend to small scale industries. Instead, it supports housing finance and affordable housing initiatives. In contrast, the Reserve Bank of India (RBI) regulates asset classification norms for banks, and the Board for Financial Supervision oversees primary dealers.