Bank Theory

Role of Priority Sector and MSME in the Indian Economy – Collapsible Q&A with MCQs 1. What is meant by Priority Sector in India? Priority sectors are those sectors which the Government and RBI consider important for the development of the economy and aim to provide institutional credit to. 2. MCQ – Which of the following is NOT a part of the Priority Sector? a) Agriculture b) Micro, Small and Medium Enterprises c) Education d) Real Estate Correct Answer: d) Real Estate 3. What is Priority Sector Lending (PSL)? PSL is a scheme under which banks are directed by RBI to lend a specific portion of their credit to specific sectors such as agriculture, MSMEs, education, housing, and more. 4. MCQ – What is the current PSL target for domestic commercial banks? a) 20% of ANBC b) 30% of ANBC c) 40% of ANBC d) 50% of ANBC Correct Answer: c) ...

MSME  What is new definition in MSME? What are the new changes in definition? What are the new features add in new definition? What new about Manufacturing and Service sector in this new Definition? How to remember New Definition easily? What are the Ninja techniques to remember new definition? "MSME"-Micro Small and Medium Enterprise New definition as on 01 July 2020 with easy to remember Ninja technique. Indian Government set new definition for MSME which came in effect from 01/07/2020 . As per new definition there is no Service or Manufacturing Sector separately for defining MSME. As per previous definition there were only investment in Plant and Machineries or Equipment was calculated for defining Micro Small and Medium Enterprise, but as per new definition another parameter added which is Turnover simply yearly Sales. Now you have to remember two things to define MSME 1) Investment in Plant and Machineries or Equipment (Plant and Machineries for Manufac...