BANKING GENERAL KNOWLEDGE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
RS. 50 lakh in metros and RS. 40 lakh in non-metros, given by banks from the proceeds of long-term bonds (of minimum seven years maturity)
|
|
|
RS. 30 lakh in metros and RS. 20 lakh in non-metros, given by banks from the proceeds of long-term bonds (of minimum eight years maturity)
|
|
|
RS. 50 lakh in metros and RS. 25 lakh in non-metros, given by banks from the proceeds of long-term bonds (of minimum six years maturity)
|
|
|
RS. 60 lakh in metros and RS. 35 lakh in non-metros, given by banks from the proceeds of long-term bonds (of minimum seven years maturity)
|
Detailed explanation-1: -The Reserve Bank of India uses property prices to define affordable housing. The RBI classified housing units priced under Rs. 45 Lakhs as “affordable housing” in metropolitan cities. In non-metropolitan cities, housing units under Rs. 30 Lakhs are classified as affordable housing [1].
Detailed explanation-2: -Housing and Urban Development (HUD) defines. affordable housing by the expenditure approach, under. which housing is deemed affordable if it costs less than. 30 per cent of the household income.
Detailed explanation-3: -Definition: Repo rate is the rate at which the central bank of a country (Reserve Bank of India in case of India) lends money to commercial banks in the event of any shortfall of funds. Repo rate is used by monetary authorities to control inflation.
Detailed explanation-4: -A ‘non-performing asset’ (NPA) was defined as a credit facility in respect of which the interest and/ or instalment of principal has remained ‘past due’ for a specified period of time.