Consider the following statements about priority sector lending1.All banks have to lend at least 40% of their net credit to the priority sector2.Foreign banks with less than 20 branches will move to total priority sector target of 40 percent by 2019-20.Which of the above statements are correct?

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Q:20

Consider the following statements about priority sector lending
1.All banks have to lend at least 40% of their net credit to the priority sector
2.Foreign banks with less than 20 branches will move to total priority sector target of 40 percent by 2019-20.
Which of the above statements are correct?

Only 1

Only 2

Both

None

Next Question

Consider the following statements about GST
1. Both Central and State taxes will be collected at the point of sale.
2. The Central and State GST will be charged on the manufacturing cost.
Which of the above statements are correct?

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