BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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30lakhs
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32lakhs
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35lakhs
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40lakhs
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None
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Detailed explanation-1: -2. In terms of the above Master Direction for RRBs, loans to individuals up to ₹ 20 lakh for purchase/construction of a dwelling unit per family provided the overall cost of the dwelling unit does not exceed ₹ 25 lakh are eligible to be classified under priority sector.
Detailed explanation-2: -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-3: -Priority sector lending is lending to those sectors of the economy which may not otherwise receive timely and adequate credit.
Detailed explanation-4: -The home loan interest rates have been steadily rising since May 2022, when the Reserve Bank of India (RBI) began increasing the repo rate. Since then, the RBI has raised the repo rate six times.