BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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25%
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40%
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18%
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10%
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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: -The share of commercial banks in total institution credit to agriculture is almost 48 percent followed by co-operative banks with a share of 46 percent and RRBs about 6 percent but studies have shown that many of the ordinary people have no access to institutional credit.
Detailed explanation-3: -The Government introduced the Kisan Credit Card (KCC) Scheme, for issue of KCC to farmers for uniform adoption by the banks, so that farmers may use them to readily purchase agriculture inputs such as seeds, fertilizers, pesticides etc. and draw cash for their production needs.