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IBPS SO Priority Sector Lending — practice questions

Explore 41 free Priority Sector Lending questions in IBPS SO Banking Awareness. Open each question or exercise to read its content, reference answers and available explanation.

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Priority Sector Lending questions and exercises with answers

Showing questions 1–30 of 41.

The overall Priority Sector Lending target is what percent of ANBC?Read the answer and worked solution →Within PSL, the target for the agriculture sector is what percent of ANBC?Read the answer and worked solution →Match each function of moneyRead the answer and worked solution →Sort each item on a bank balance sheetRead the answer and worked solution →Order the rounds of credit creationRead the answer and worked solution →True or false: money and banksRead the answer and worked solution →Key in the banking numberRead the answer and worked solution →How many broad categories make up the priority sector?Read the answer and worked solution →Which of these is a listed priority sector category?Read the answer and worked solution →Priority sector targets are computed on the basis of ANBC or:Read the answer and worked solution →The overall priority sector target for a domestic commercial bank is:Read the answer and worked solution →The agriculture sub-target for a domestic commercial bank is:Read the answer and worked solution →Within agriculture, the sub-target for non-corporate farmers is:Read the answer and worked solution →The sub-target for small and marginal farmers is:Read the answer and worked solution →The sub-target for micro enterprises is:Read the answer and worked solution →The sub-target for advances to weaker sections at a commercial bank is:Read the answer and worked solution →The total priority sector target for a regional rural bank is:Read the answer and worked solution →The weaker sections sub-target for a regional rural bank is:Read the answer and worked solution →The priority sector target for an urban co-operative bank is:Read the answer and worked solution →A foreign bank with under 20 branches may count export credit up to:Read the answer and worked solution →Incremental lending in a low credit flow district carries a weight of:Read the answer and worked solution →Districts outside both incentive lists carry a weight of:Read the answer and worked solution →Housing loans made by a bank to its own employees are:Read the answer and worked solution →A bank that misses its priority sector target contributes to the:Read the answer and worked solution →Shortfall contributions are placed with NABARD, NHB, SIDBI and:Read the answer and worked solution →How many kinds of priority sector lending certificate exist?Read the answer and worked solution →A PSLC General counts towards the achievement of the:Read the answer and worked solution →Priority sector lending certificates are traded through:Read the answer and worked solution →When a PSLC is sold, what passes to the buyer?Read the answer and worked solution →Which borrower group counts as a weaker section?Read the answer and worked solution →

Worked practice questions

The overall Priority Sector Lending target is what percent of ANBC?

  1. 18%
  2. 40%
  3. 25%
  4. 60%
Show answer and solution

Correct answer: B. 40%

1. The question asks: The overall Priority Sector Lending target is what percent of ANBC. 2. Correct answer: 40%. 3. Banks must lend 40% of Adjusted Net Bank Credit to priority sectors. _Source: BOI Quick Revision — General Banking & Financial Awareness (2020), PSL_

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Within PSL, the target for the agriculture sector is what percent of ANBC?

  1. 40%
  2. 8%
  3. 18%
  4. 10%
Show answer and solution

Correct answer: C. 18%

1. The question asks: Within PSL, the target for the agriculture sector is what percent of ANBC. 2. Correct answer: 18%. 3. Agriculture carries an 18% of ANBC sub-target under PSL. _Source: BOI Quick Revision — General Banking & Financial Awareness (2020), PSL_

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Match each function of money

Read exercise and reference answers
Matching pairs
  1. Left
    Medium of exchange
    Right
    Accepted in payment, so barter is not needed
  2. Left
    Unit of account
    Right
    Every price can be quoted in the same units
  3. Left
    Store of value
    Right
    Wealth can be held in it for future use
Instructions
Tap a function on the left, then tap what it means.
_Source: syllabus Macroeconomics XII Ch3 Money and Banking, 3.1 FUNCTIONS OF MONEY_

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