Bissoy.com
Doctors Medicines MCQs Q&A

In November 2020, in a bid to strengthen the capital base, the union government has provided how many rupees (in crores) to Regional Rural Banks (RRBs) considering their importance in agriculture finance during these difficult times?

In November 2020, in a bid to strengthen the capital base, the union government has provided how many rupees (in crores) to Regional Rural Banks (RRBs) considering their importance in agriculture finance during these difficult times? Correct Answer 670

The correct answer is 670 crores.

  • In a bid to strengthen the capital base, the union government has provided Rs 670 crore to Regional Rural Banks (RRBs) considering their importance in agriculture finance during these difficult times.
  • This round of infusion would take care of capital needs till March 31, 2021.
  • As per RBI guidelines, the RRBs have to provide 75 per cent of their total credit under priority sector lending.

Related Questions

Which of the following statements are true in context of scheduled banks?
1. All banks which are included in the Second Schedule to the Reserve Bank of India Act, 1934 are Scheduled Banks.
2. These banks comprise Scheduled Commercial Banks and Scheduled Co-operative Banks.
3. Scheduled Commercial Banks in India are categorized into five different groups - SBI, Nationalised Banks, Regional Rural Banks, Foreign Banks and Other Indian Scheduled Commercial Banks in the private sector.
4. Scheduled Co-operative Banks consist of Scheduled State Co-operative Banks and Scheduled Urban Co-operative Banks.
Which of the following statements regarding Regional Rural Banks (RRB) in India is/are correct? I) RRBs are sponsored by Commercial Banks. II) Regional Rural Banks (RRBs) were established in 1975. III) The area of operation of the RRBs is limited to a few districts in a State.
The question given below consists of a statement, followed by three arguments I, II and III. You have to decide which of the arguments is/are ‘strong’ arguments is/are ‘weak’ arguments and accordingly choose your answer from the alternatives given below each question. Statement: India's burgeoning shadow finance sector is likely to face a shake-up after defaults at one major lender battered the nation's financial markets in the past week and reinforced worries about credit risk. Industry officials and experts say they expect Indian regulators to cancel the licences of as many as 1,500 smaller non-banking finance companies because they don't have adequate capital, and to also make it more difficult for new applicants to get approval. Which of the following argument(s) stated support(s) the given fact? Arguments: I. Better capitalised and more conservatively run finance firms are likely to swallow up an increasing number of smaller rivals. That could make it difficult for many small borrowers to get loans, especially in the countryside where two-thirds of India's 1.3 billion people live and put the brakes on a surge in private consumption with a knock-on effect on growth.  II. The shadow banking sector now comprises more than 11,400 firms with a combined balance-sheet worth 22.1 trillion rupees ($304 billion) and is less strictly regulated than banks. It has been attracting new investors, particularly as the nation's banks have had to slow their lending as they seek to work through $150 billion of stressed assets.  III. Nearly 11,000 of India's NBFCs are small and medium-sized businesses with an asset base of less than 5 billion rupees. But the top 400, many of which are backed by banks and finance companies, control about 90 percent of the assets under management.
Consider the following statements regarding Priority Sector Lending (PSL) 1. At present, all domestic scheduled commercial banks and all foreign banks are required to meet a target of 40 per cent of their Adjusted Net Bank Credit (ANBC) for Priority Sector Lending 2. Regional Rural Banks (RRBs) and Small Finance Banks (SFBs) are required to meet a target of 75 per cent towards PSL Which of the above statements is correct?
Simplify the value of $$\frac{{{\text{0}}{\text{.9}} \times {\text{0}}{\text{.9}} \times {\text{0}}{\text{.9 + 0}}{\text{.2}} \times {\text{0}}{\text{.2}} \times {\text{0}}{\text{.2 + 0}}{\text{.3}} \times {\text{0}}{\text{.3}} \times {\text{0}}{\text{.3}} - {\text{3}} \times 0.9 \times {\text{0}}{\text{.2}} \times {\text{0}}{\text{.3}}}}{{{\text{0}}{\text{.9}} \times {\text{0}}{\text{.9 + 0}}{\text{.2}} \times {\text{0}}{\text{.2 + 0}}{\text{.3}} \times {\text{0}}{\text{.3}} - 0.9 \times {\text{0}}{\text{.2}} - {\text{0}}{\text{.2}} \times {\text{0}}{\text{.3}} - 0.3 \times 0.9}} = ?$$
In May 2020, which of the following has disbursed ₹12,767 crores to State Co-operative Banks (StCBs) and Regional Rural Banks (RRBs) across the country?
The government may infuse about Rs. 8,000 crore in five or six state-run banks that are likely to fall short of regulatory capital requirements, a senior finance ministry official said. These banks may include Nirav Modi scam-hit Punjab National Bank. There are some banks that have issued additional tier 1 capital bonds and the interest payments are due. Now if they don’t meet the regulatory capital norms, they will not be allowed to make such payments. The government cannot allow public sector banks to default on such payments, which will impact their rating. Which of the following is a logical corollary of the statement above?
$$\frac{{38 \times 38 \times 38 + 34 \times 34 \times 34 + 28 \times 28 \times 28 - 38 \times 34 \times 84}}{{38 \times 38 + 34 \times 34 + 28 \times 28 - 38 \times 34 - 34 \times 28 - 38 \times 28}}$$            is equal to = ?
Rural life refers to the life of the people living in villages and under developed areas.Some of the facilities of town life are not available in the rural sides . Many people from rural come to the city for for studying or for earning a living as there is no proper education facilities available in the rural areas. There are many advantages as well as disadvantages when it comes to the rural life.  Which of the following, if true, would strengthen the conclusion about the advantages of rural life? 
Consider the following statements about Regional Rural Banks. 1. RRBs are financial institutions that ensure adequate credit for agriculture and other rural sectors. 2. It was set up on the recommendations of the Narasimham Working Group (1975) 3. “Prathama Grameen Bank” was the first RRB. Which of the above statements is/are correct?