True or false about priority sector rules

Exercise and reference answers

Questions

1. Statement is true

   Yes

   Statement

   A rural bank must reach 75 per cent of ANBC.

2. Statement is true

   No

   Statement

   Housing loans to a bank's own staff qualify.

3. Statement is true

   No

   Statement

   Selling a PSLC also transfers the loan asset.

4. Statement is true

   Yes

   Statement

   There are four kinds of PSLC.

5. Statement is true

   Yes

   Statement

   Transgenders count as a weaker section.

6. Statement is true

   Yes

   Statement

   A shortfall is paid into RIDF with NABARD.

Instructions

Decide whether each statement is true or false.

Explanation