P&PB 2023 : QUIZ-8

1. Housing loans granted to individuals up to Rs.______ for construction of houses in metropolitan centers with population above ten lakh (excluding loans granted by banks to their employees) are treated as priority sector advances.

• a) 0.5 million
• b) 1.0 million
• c) 3.5 million
• d) 1.5 million

2. Educational loans granted individuals for education purposes up to Rs.______ for studies in India will be classified as priority sector.

• a) 0.75 million
• b) 1.0 million
• c) 1.5 million
• d) 2.0 million

3. The scheduled commercial banks are expected to enlarge credit to the priority sector and ensure that priority sector advances constitute_______.

• a) 18 per cent of [ANBC] adjusted net bank credit.
• b) 40 per cent of [ANBC] adjusted net bank credit.
• c) 12 per cent of [ANBC] adjusted net bank credit.
• d) 25 per cent of [ANBC] adjusted net bank credit.

4. The Government provides interest subvention of p.a. to the banks in respect of short term production credit up to Rs. _______provided to farmers.

• a) 2 per cent Rs.3 lakh
• b) 3 per cent Rs.2 lakh
• c) 3 per cent Rs.5 lakh
• d) 3 per cent Rs.3 lakh

5. No loan related and adhoc service charges/inspection charges should be levied on priority sector loans up to Rs.____________.

• a) 25000/-
• b) 50000/-
• c) 10000/-
• d) 75000/-

6. Kisan credit Cards are issued to farmers ______________.

• a) To withdraw money from ATM
• b) To purchase farm equipments
• c) To purchase agriculture implements on credit from dealers
• d) To meet their cultivation needs and non-farm requirements, including purchase of inputs and other short-term requirements and working capital requirements for allied activities.

7. Under farm mechanization scheme, loan is given for _________.

• a) Providing irrigation facilities
• b) Cultivation expenses
• c) Purchase of farm equipments
• d) For digging wells

8. Scale of finance for crop loans is decided by _______________.

• a) District Level Technical Committee.
• b) State Level Technical Committee.
• c) Block Level Technical Committee
• d) Individual banks.

9. In broiler operation under poultry farming how many day’s old chicks are grown?

• a) Eight days
• b) One day
• c) Three days
• d) Fifteen days

10. Short term component is in the nature of revolving cash credit facility. There should be restriction on the number of debits and credits.

• a) True
• b) False