CIRCULAR QUIZE

What is the main purpose of the Lead Bank Scheme (LBS)?

• To coordinate credit planning and financial inclusion at the district level

• To monitor industrial credit

• To regulate inter-bank settlements

• To manage digital payments

The District Consultative Committee (DCC) is chaired by:

• District Collector

• Lead District Manager

• NABARD Officer

• Regional Manager of Lead Bank

Under the Lead Bank Scheme, the SLBC operates at which level?

• State

• District

• Regional

• Zonal

The Annual Credit Plan (ACP) is prepared under which framework?

• RBI's Financial Inclusion Policy

• Lead Bank Scheme

• NABARD PLP

• Credit Guarantee Fund

The main objective of the DCC is to:

• Review the progress of credit flow and development schemes

• Sanction large loans

• Audit the lead bank branches

• Approve corporate lending

Under the Lead Bank Scheme, banks are required to achieve a Credit-Deposit Ratio of at least:

(a)  

Which institution acts as a coordinator between the State Government and banks under LBS?

• SLBC

• RBI

• NABARD

• SIDBI

Under CIRP, who convenes the meetings of the Committee of Creditors (CoC)?

• Resolution Professional

• Lead Bank

• RBI

• Adjudicating Authority

Which legislation governs the Corporate Insolvency Resolution Process (CIRP)?

• SARFAESI Act

• Insolvency and Bankruptcy Code (IBC)

• Companies Act

• RBI Act

What is the primary goal of CIRP?

• Liquidation of all distressed assets

• Maximization of value of assets and timely resolution

• Penalizing borrowers

• Settling inter-bank disputes