Quiz-7

Quiz-7

1.The loan given to retail trader, to be classified under Priority sector, the loan amount should not exceed Rs.____________________

a) 25 lakhs

b) 20 lakhs

c) 10 lakhs

d) 30 lakhs

e) None of these 

2.In the areas where the population is less than 10 Lakhs, the housing loans will be classified under Priority sector if the loan amount does not exceed Rs.

a) 25 lakhs

b) 15 lakhs

c) 10 lakhs

d) 30 lakhs

e) None of these

3.As per new guidelines all small loans not exceeding Rs.______________ per borrower will be classified under Micro Credit

a) 25000

b) 50000

c) 40000

d) 20000

e) None of these 

4.The activity which will not be classified under Micro and small enterprises is

a) SSI

b) Small business

c) Loan to Medium enterprises

d) Professional & self employed 

e) Small Road and Water Transport Operators 

5.An agriculture loan of Rs.16 crores is sanctioned to a Public Limited Company. The amount to be classified under direct agriculture sector will be

a) 10 crores

b) 16 crores

c) 6 crores

d) 11 crores

e) None of these

6.The fresh guidelines on Priority Sector Lending were recommended by the working group headed by

a) M V Nair

b) K C Chakraborty

c) Usha Thorat

d) C S Murthy

e) None of these

7.The new guidelines on Priority Sector came into effect from

a) 31st March 2012

b) 30th April 2007

c) 30th June 2012

d) 20th July 2012

e) None of these

8.In the year ________ the banks agreed to raise the proportion of their advances to priority sector to ______% by March 1985 a) 1980, 40

b) 1975, 33.33

c) 1979, 40

d) 1980, 33.33

e) None of these

9.Description and concept of the priority sector was formalized in the year

a) 1968

b) 1979

c) 1972

d) 1980

e) None of these

10.When RBI wants to reduce liquidity in the banking system:

a) it increases the CRR

b) it increases the SLR

c) it increases the Repo Rate

d) it increases the reverse repo rate

e) none of the above

Ans:

1	2	3	4	5	6	7	8	9	10
b	b	b	c	e	a	d	a	a	a