BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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8
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10
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15
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12
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Detailed explanation-1: -18 per cent of ANBC or Credit Equivalent Amount of Off-Balance Sheet Exposure, whichever is higher. Within the 18 per cent target for agriculture, a target of 8 percent of ANBC or Credit Equivalent Amount of Off-Balance Sheet Exposure, whichever is higher is prescribed for Small and Marginal Farmers.
Detailed explanation-2: -6.1 For the purpose of priority sector lending, ANBC denotes the outstanding Bank Credit in India [As prescribed in item No.VI of Form ‘A’ under Section 42 (2) of the RBI Act, 1934] and computed as follows: Bank Credit in India [As prescribed in item No.VI of Form ‘A’ under Section 42(2) of the RBI Act, 1934]
Detailed explanation-3: -Targets for priority sector lending by Primary (Urban) Co-operative Banks (UCBs) Advances to Weaker Sections-12 per cent# of ANBC or credit equivalent amount of Off-Balance Sheet Exposure, whichever is higher.