Multiple choice

Which of the following is not correct in respect of targets within priority sector?

  1. Weaker section target for Indian banks is 10 percent of ANBC or Credit Equivalent Amount of Off-Balance Sheet Exposure, whichever is higher.

  2. Micro and small enterprises credit target for foreign banks would be made applicable post 2018.

  3. Export credit is 12% of ANBC for Indian banks.

  4. Agriculture credit target is 18 percent of ANBC or Credit Equivalent Amount of Off-Balance Sheet Exposure, whichever is higher for Indian banks.
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Export credit up to 32 percent of ANBC or Credit Equivalent Amount of Off-Balance Sheet Exposure, whichever is higher, will be eligible as part of priority sector for foreign banks with less than 20 branches. For other banks, the incremental export credit over corresponding date of the preceding year will be reckoned upto 2 percent of ANBC or Credit Equivalent Amount of Off-Balance Sheet Exposure, whichever is higher.

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