BANKING GENERAL KNOWLEDGE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Four
|
|
|
Five
|
|
|
Six
|
|
|
Eight
|
Detailed explanation-1: -Clarification: There are only four eligible categories of PSLCs i.e. PSLC General, PSLC Small and Marginal Farmer, PSLC Agriculture & PSLC Micro Enterprises.
Detailed explanation-2: -There are four types of PSLCs: Agriculture, Small/Marginal Farmers, Micro Enterprises and General-that is, other than loans to agriculture and micro enterprises. A bank having shortfall in achievement of any sub-target will have to buy the specific PSLC to achieve the target.
Detailed explanation-3: -Priority sector lending certificates (PSLCs) are certificates that are issued against priority sector loans for banks. They allow banks to meet their targets and sub-targets – when it comes to priority sector lending – by buying the instruments. The banks use PSLCs to guard against shortfalls.