Question
Which statement is NOT correct about PSLCs (Priority
Sector Lending Certificate)? (A) PSLC is buy and sale of priority sector loan portfolio (B) The scheme is not applicable for Local Area Banks and Small Finance Banks (C) There will be no transfer of underlying risk (D) PSLC was introduced in April 2016Solution
A scheme of PSLCs was introduced in April 2016. The Reserve Bank provided a platform to enable trading in the certificates, through its core banking solution (CBS) portal (e-Kuber). All scheduled commercial banks (including RRBs), urban co-operative banks, small finance banks (when they become operational) and local area banks are eligible to participate in trading.
Which international financial institution approved a $400-million loan for the urban infrastructure project under AMRUT 2.0?
The Gandhi Peace Prize for 2021 will be awarded to which organization known for its extensive publication of religious texts like the Bhagavad Gita, the...
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On February 10, 2023, CM Pushkar Singh Dhami inaugurated the country's 'First Rural Science Congress' under the three-day 17th Uttarakhand State Science...
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Which scheme was launched to empower over 500 women representatives from Panchayati Raj institutions?
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In which city did Union Minister Sarbananda Sonowal chair the inaugural meeting of the Inland Waterways Development Council in January 2024?
The salaries of soldiers were paid from the income of which tax during Gorkha rule?
Which of the following processes is associated with the creation of the Himalayas?
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