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Questions and Answers
What is the purpose of priority sector lending in banking?
What is the purpose of priority sector lending in banking?
- To exclude agriculture and MSMEs from bank credit
- To provide loans to high-risk customers
- To target 75% of the Adjusted Net Bank Credit towards specific sectors (correct)
- To eliminate lending to the housing sector
Which of the following is NOT considered a part of the priority sector under banking regulations?
Which of the following is NOT considered a part of the priority sector under banking regulations?
- Micro, Small and Medium Enterprises (MSMEs)
- Renewable Energy
- Automotive industry (correct)
- Education
What type of loans are covered under Agriculture infrastructure lending?
What type of loans are covered under Agriculture infrastructure lending?
- Loans for personal vacations
- Loans for luxury housing projects
- Loans for jewelry purchases
- Loans for construction of storage facilities like warehouses and cold storage units (correct)
What activities are covered under Farm Credit in agriculture lending?
What activities are covered under Farm Credit in agriculture lending?
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Which sector had a sub target of 7.5% for Micro enterprises under priority sector lending?
Which sector had a sub target of 7.5% for Micro enterprises under priority sector lending?
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What does Pledgor mean in the context of banking relationships?
What does Pledgor mean in the context of banking relationships?
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