Prelims Power Play 24 April 2023

1. Nagorno Karabakh region recently in news is associated with:

2. The Reserve Bank of India (RBI) has granted HDFC Bank three years to meet the priority sector requirements, once the HDFC book is merged into it. Consider the following regarding it

1. Priority sector lending target only applies to domestic banks and not to foreign banks.
2. Priority sector lending target is same for all banks under RBI regulation.

Which of the above is /are correct?

3. The Reserve Bank of India has not granted HDFC Bank Ltd. any exemptions on requirements surrounding the bank’s cash reserve ratio, statutory liquidity ratio, and liquidity coverage ratio for its merger with HDFC Ltd. Consider the following statement in this context

1. The CRR is a more active and useful monetary policy tool compared to the SLR.
2. CRR is the percentage of deposit that the banks have to keep as liquid assets in their own vault whereas SLR is the percentage of the deposit (NDTL) that a bank has to keep with the RBI.

Which of the above is /are correct?

4. Consider the following

1. Small and marginal farmers
2. Self Help Groups
3. Distressed farmers
4. Persons with disabilities

Loans to how many of the above borrowers are treated as Priority Sector Lending under the Weaker Sections category. Select the correct answer using the code below:

5. Consider the following

1. The Bar Council of India is a statutory body created by Parliament under the Advocates Act, 1961.
2. The Bar Council of India performs the regulatory function by prescribing standards of professional conduct and etiquette and by exercising disciplinary jurisdiction over the bar.
3. The Bar Council of India also sets standards for legal education and grants recognition to Universities whose degree in law will serve as qualification for enrolment as an advocate.

Which of the above is /are correct?