The priority sector lending target for domestic scheduled commercial banks is what percentage of Adjusted Net Bank Credit? MCQ with Answer and Explanation

Question
The priority sector lending target for domestic scheduled commercial banks is what percentage of Adjusted Net Bank Credit?
A. 50%
B. 40%
C. 25%
D. 30%
Answer: Option B
Solution (By JKSSB Mock Tests)
Domestic scheduled commercial banks are required to lend 40% of Adjusted Net Bank Credit to the priority sector.
This question belongs to: Economy GK Economy Set 1
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The 'Belt and Road Initiative' is associated with which country?
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Correct Answer: Option B

Explanation:
The Belt and Road Initiative is a Chinese infrastructure and trade connectivity project.
This question belongs to: Economy GK Economy Set 1
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Brown Revolution is associated with coffee and cocoa production.
This question belongs to: Economy GK Economy Set 1
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Correct Answer: Option C

Explanation:
The global-savings-glut hypothesis, advanced by Ben Bernanke, attributes the low long-term interest rates and large current-account deficits of some countries in the 2000s partly to excess saving in emerging Asia and oil-exporting economies.
This question belongs to: Economy GK Economy Set 1
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