Priority Sector Lending — Prelims Questions

With reference to Priority Sector Lending Certificates (PSLCs), consider the following statements: 1. PSLCs can be traded only between banks of the same category 2. Each PSLC represents ₹1 lakh of priority sector lending 3. PSLCs are valid for two years from the date of purchase 4. There are four categories of PSLCs currently operational Which of the statements given above are correct?

Which of the following sectors/activities qualify for Priority Sector Lending under current RBI guidelines? 1. Loans to farmers for solar power generation for agricultural use 2. Education loans up to ₹20 lakh for studies abroad 3. Housing loans up to ₹50 lakh in metropolitan areas 4. Loans to food processing units with investment up to ₹10 crore Select the correct answer using the code given below:

Consider the following statements about Priority Sector Lending targets: 1. Foreign banks with less than 20 branches have a PSL target of 32% 2. The agriculture sub-target includes a specific allocation for small and marginal farmers 3. Export credit has a minimum target of 5% of ANBC 4. Regional Rural Banks are exempt from PSL targets Which of the statements given above is/are correct?

The Rural Infrastructure Development Fund (RIDF) is primarily funded by: 1. Contributions from banks that fail to meet PSL targets 2. Budgetary allocation from the Government of India 3. International development assistance 4. Surplus from NABARD operations Select the correct answer:

Which of the following recent developments in Priority Sector Lending reflects India's climate commitments? 1. Inclusion of renewable energy projects up to ₹30 crore 2. Separate classification for electric vehicle financing 3. Carbon credit trading by banks 4. Green bonds issuance mandate for PSL compliance Select the correct answer: