Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Banking and Financial Awareness Basic Banking Concepts
Consider the following statements
1.Reserve Bank of India included six minorities communities(Buddhists, Christians, Muslims, Parsis, Sikhs and Jains) under the Priority Sector Lending.
2.Under the Priority Sector Lending norms Indian Banks to lend at least 50% of the total lending to the priority sector every year.
3.Foreign Banks in India are exempted from Priority Sector Lending norms.
Which of the above statements is/are correct?
1
1
2
1 and 2
3
2 and 3
4
All are correct