Q1 · hard · AI-verified
Under PMFBY, a farmer insures 5 hectares of cotton crop. The sum insured is ₹55,000 per hectare. Due to drought, actual yield is 8 quintals per hectare against threshold yield of 15 quintals per hectare. What compensation will the farmer receive?
- ₹1,28,333
- ₹1,45,667
- ₹1,52,000
- ₹1,35,250
Q2 · hard · AI-verified
Under NABARD refinance scheme, a RRB gets funds at 6.5% per annum and lends to farmers at 9% per annum. If the bank lends ₹50,00,000 for one year, what is the net interest income for the bank (assuming 100% refinance)?
- ₹3,25,000
- ₹1,25,000
- ₹2,75,000
- ₹4,50,000
Q3 · hard · AI-verified
A Regional Rural Bank offers a self-help group loan at 12% per annum compound interest. If a group borrows ₹1,80,000 and repays it in 2 years, what is the compound interest they pay?
- ₹45,648
- ₹43,200
- ₹41,472
- ₹48,960
Q4 · hard · AI-verified
A village has 300 farmers. 60% grow rice, 40% grow wheat, and 25% grow both crops. If a crop insurance scheme covers only farmers growing both crops, and the premium is ₹5,000 per farmer, what is the total premium collected?
- ₹3,75,000
- ₹4,50,000
- ₹9,00,000
- ₹6,00,000
Q5 · hard · AI-verified
A Priority Sector Lending target requires a bank to lend 40% of its Net Bank Credit (NBC) to priority sectors. If the bank's total deposits are ₹500 crores and CRR is 4%, SLR is 18%, what is the minimum amount to be lent to priority sectors?
- ₹156 crores
- ₹200 crores
- ₹144 crores
- ₹180 crores