Question
Which of the following statements regarding Priority
Sector Lending (PSL) norms in India is incorrect?Solution
The statement that Foreign banks with less than 20 branches are exempt from meeting Priority Sector Lending targets is incorrect. All foreign banks, regardless of their branch count, are subject to PSL targets in India.
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In a mixture of milk & water, 50 litres water is mixed due to which ratio changes from 3 : 4 to 1 : 8. Find initial quantity of mixture. (in litres)
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