All basis expenses like costs of books, tuition fees, lodging
expenses, caution deposits and the like are covered under the educational loan
that can be availed up to a maximum limit of Rs. 10 lakhs. Repayment period for
loans up to Rs.7.50 lakh is
10 years and for loans above Rs.7.50
lakh up to 15 years.
1.
There is no limit for
education loan for inland and abroad studies. However, for inland studies loans
up to Rs.10 lakhs will be classified by the Bankers as a priority sector and
above Rs. 10 lakhs it would be at a higher rate of interest.
2.
In respect of studies
abroad, the loans up to Rs. 20 lakhs will be classified by the Bankers as
priority sector and above Rs. 20 lakhs it would be at a higher rate of interest.
The higher rate of interest concept varies from bank to bank.
3.
Education loans above
Rs.7.5 lakhs will be provided only if tangible securities like a mortgage of
property is provided.
Currently, loans to individuals for up to Rs 28 lakh in metropolitan centers
and Rs 20 lakh in other centers can be classified under priority sector,
provided that the cost of dwelling unit does not exceed Rs 35 lakh and Rs 25
lakh respectively.
Renewable Energy
 |
| REASONING |
As per RBI’s notification, banks can now provide loans up to a
limit of Rs 150 million to borrowers for solar, biomass, wind, and micro-hydel
power generation, and also for renewable energy-based public utilities
like street lighting systems and remote village electrification. For individual
households, the loan limit has been set to Rs 1 million per
borrower.
*For cultivating more than
one crop in a year:
The limit will be
fixed based on the crops cultivated according to the cropping pattern for the first year with an additional 10% of the limit towards the cost escalation/ increase in the scale of finance for every successive year.
*The Govt. doubled the pecuniary limit to Rs 20 lakh for filing loan recovery application in the Debt Recovery Tribunals (DRT) by banks and financial
institutions.
*Sarfaesi Act.
The provisions of this Act are applicable only for 1.NPA loans with outstanding above Rs. 1.00 lac. 2.NPA loan accounts
where the amount is less than 20% of the principal and interest are not eligible to be dealt with under this Act.
Conflict resolution is conceptualized as the methods and processes involved
in facilitating the peaceful ending for conflict and retribution. Committed group members attempt to resolve group
conflicts by actively communicating information about their conflicting motives
or ideologies to the rest of the group (e.g., intentions; reasons for holding
certain beliefs) and by engaging in collective negotiation. Dimensions of
resolution typically parallel the dimensions of conflict in the way the
conflict is processed. The term conflict
resolution may also be used interchangeably with dispute
resolution, where arbitration and
litigation processes are critically involved. The concept of conflict
resolution can be thought to encompass the use of nonviolent resistance
measures by conflicted parties in an attempt to promote
effective resolution.
- Which
of the following categories under priority sector?
A. Export Credit
B. Agriculture
C. Social Infrastructure
D. Renewable Energy
E. All of these - Which
of the following categories under priority sector?
A. Micro, Small and Medium Enterprises
B. Education
C. Housing
D. All of these
E. None of these - Bank
loans up to a limit of ______ per borrower for building social
infrastructure under priority sector.
A. Rs. 1 crore
B. Rs. 2 crore
C. Rs. 3 crore
D. Rs. 5 crore
E. None of these - Bank
loans up to a limit of _____ to borrowers for purposes like solar based
power generators under priority sector.
A. Rs. 10 crore
B. Rs. 18 crore
C. Rs. 15 crore
D. Rs. 20 crore
E. None of these - For
individual households, the loan limit is for renewable energy under
priority sector ______ per borrower.
A. Rs. 5 lakh
B. Rs. 10 lakh
C. Rs. 15 lakh
D. Rs. 20 lakh
E. None of these - Bank
loans up to ____ per unit to Micro and Small Enterprises under priority
sector.
A. Rs. 1 crore
B. Rs. 2 crore
C. Rs. 3 crore
D. Rs. 5 crore
E. None of these - Bank
loans up to ____ per unit to Medium Enterprises under priority sector.
A. Rs. 10 crore
B. Rs. 18 crore
C. Rs. 15 crore
D. Rs. 20 crore
E. None of these - Loans
to individuals for educational purposes including vocational courses up to
_______ irrespective of the sanctioned amount is eligible for
classification under priority sector.
A. Rs. 5 lakh
B. Rs. 10 lakh
C. Rs. 15 lakh
D. Rs. 20 lakh
E. None of these - Loans
to individuals up to ______ in metropolitan centers (with the population
of ten lakh and above) under priority sector.
A. Rs. 25 lakh
B. Rs. 18 lakh
C. Rs. 15 lakh
D. Rs. 28 lakh
E. None of these - Loans
up to _______ in other centers for purchase/construction of a dwelling
unit per family under priority sector.
A. Rs. 20 lakh
B. Rs. 18 lakh
C. Rs. 15 lakh
D. Rs. 28 lakh
E. None of these
11. Kisan Cards are issued
for_______________
a.short
term only
b.for
term loans only
c.for
both the short term and term loan
d.for
meeting domestic expenses only
12. Under farm mechanisation scheme,
loan is given for________________
i.
providing irrigation facilities
ii.
cultivation expenses
iii.
purchase of farm equipments
iv.
for digging wells
13.
Advances to weaker sections "interalia" include _________________
i.Individual
women beneficiaries up to Rs 2 lakh per borrower
ii.Distressed
persons other than farmers, with loan amount not exceeding Rs 2 lakh per
borrower to prepay their debt to non-institutional lenders
iii.Overdrafts up to Rs 5000 under PradhanMantri Jan DhanYojana accounts
iv.Artisans,
village and cottage industries where individual credit limits do not exceed Rs
2 lakh
14. The scheduled commercial banks are expected to enlarge credit to
the priority sector and ensure that priority sector advances constitute
_______________ANBC or Credit Equivalent Amount of Off-Balance Sheet Exposure,
whichever is higher.
i.eighteen
percent
ii.forty
percent
iii.twelve
percent
iv.twenty
five percent
15.
Educational loans should include only loans and advances granted to individuals
for educational purposes up to Rs ________ for studies in India, to be
classified as a priority sector.
i.seven
and a half lakh ii .ten
lakh iii.fifteen lakh iv.twenty lakh
16.
Housing Loans granted to individuals up to Rs __________ for construction of
house (excluding loans granted by banks to their employees) at non-urban
centers are treated as priority sector advances.
i.five
lakhs
ii.ten
lakhs
iii.twenty
lakhs
iv.fifteen
lakhs
17.
Under MSME, loans in the manufacturing sector for micro-enterprises do not exceed
Rs ________ lakh
a.50
b.30
c.25
d.20
18.
Under MSME, loans in the service sector for micro-enterprises do not exceed Rs
________ lakh
i.5
ii.15
iii.10
iv.20
19.
Under Renewable Energy, for the individual household, the loan limit will be Rs
________lakh per borrower.
i.20
ii.10
iii.15
iv.5
20.
No loan related and adhoc service charges/inspection charges should be levied
on priority, sector loans up to Rs 25000/-
True False
21. Who issues priority sector lending
guidelines in India?
A. Basel Committee on
Banking Supervision (BCBS)
B. Reserve Bank of India
(RBI)
C. Bank of International
Settlement (BIS)
D. Department of
Financial Services
22. Priority Sector Lending guidelines are not
applicable to which out of the following type of banks?
A. Small Finance Banks
B. Foreign banks
C. Scheduled Commercial
Banks
D. None of these
23. Which among the following sectors
does not fall under Priority Sector as Priority Sector Lending guidelines in
India?
A.
Automobile
B. Agriculture
C. Housing
D. Education
24.Up to what amount of Education Loan is
eligible to be classified as Priority Sector?
A. Rs 5 lakh
B. Rs 7.5 lakh
C. Rs 10 lakh (for
education in India)
D.
Rs 20 lakh (for
education I Aboard)
25. What is the total priority sector target for
Domestic scheduled commercial banks (excluding Regional Rural Banks and Small
Finance Banks) as a percentage of Adjusted Net Bank Credit or Credit Equivalent
Amount of Off-Balance Sheet Exposure, whichever is higher?
A. 25%
B. 30%
C. 35%
D. 40%
Bold options are the correct answer.
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