Q1 · hard · AI-verified
What is the maximum number of directors that can be appointed on the Board of Directors of a banking company as per the Banking Regulation Act?
- 12
- 15
- 20
- No specific limit
Q2 · hard · AI-verified
Under the Priority Sector Lending guidelines, what is the minimum percentage of Adjusted Net Bank Credit (ANBC) that domestic commercial banks must lend to priority sectors?
- 36%
- 38%
- 40%
- 42%
Q3 · hard · AI-verified
What is the current Cash Reserve Ratio (CRR) maintained by commercial banks with RBI as of December 2024?
- 4.00%
- 4.50%
- 5.00%
- 5.50%
Q4 · hard · AI-verified
Under the Priority Sector Lending guidelines, what percentage of Adjusted Net Bank Credit (ANBC) must banks lend to agriculture?
- 15%
- 20%
- 18%
- 25%
Q5 · hard · AI-verified
What is the current repo rate set by RBI as of December 2024?
- 6.00%
- 6.25%
- 6.50%
- 6.75%