Substandard assets are assets which has remained NPA for a period less than or equal to _____.

Doubtful assets are assets which would be classified as doubtful if it has remained in the substandard category for a period of ____.

KYC will be carried out at the following stages _____.

The objective of KYC/AML guidelines is ____.

Those in need of finance like farmers, small scale units, rural industries are generally ignored by banks as they are not considered

____ were established in 1975 with a view to develop the rural economy.

Differentiated banks are ____ with a focus on a specific product or a specific customer segment.

A few of the segments who are financially excluded are

The ____ cannot undertake lending activities.

_____ was launched in 2015 with the objective of regulating micro and small enterprise financing business and supporting them.

License was given to ____ primarily to provide small savings accounts, and payments and remittance services.

In order to increase the outreach of the banking sector, RBI introduced the concept of ____ as intermediaries between banks and the end consumer.

Under priority sector, loans are granted to individuals for educational purposes including vocational courses, up to ____ for studies in India.

National Centre for Financial Education is an initiative by

The goal of a priority sector lending initiative is to provide credit to the _____ of the society, as opposed to funding only profitable sectors

Agri Loans meant for permanent improvements like levelling and reclamation of land, construction of farm buildings, purchase of tractors, etc are

____ falls into the priority sector under the policy of priority sector lending.

The sources of rural credit are

The Indian government established a few financial institutions between 1982 and 1990 such as ____ to achieve specific developmental goals.

Loans beyond Rs 5 lakh and up to Rs 10 lakh are available under the ____ category.

Under priority sector, loans are granted to individuals for educational purposes including vocational courses, up to ____ for studies in India.

Robust KYC procedures are relevant to the safety and soundness of banks because ____.

License was given to ____ primarily to provide basic banking activities of acceptance of deposits to underserved or unserved sections, and lending to small establishments.

Once the borrower has failed to make interest or principal payments for a period of ____ since the last due date, the loan is considered to be a non-performing asset.

A Term loan is identified as NPA if Interest and/or instalment of principal remain overdue for a period of more than ____.

An Overdraft/cash credit account is identified as NPA if the account remains ‘out of order’ for a period of more than ____.

Agricultural advances are classified as NPA if the Interest and/or instalment of principal remains overdue for ____ harvest seasons.

Early financial signals of NPAs include diversion of ____.

Attitude of borrowers as signal for account possibly becoming NPAs includes ____.

The sub-categories of NPA are ____.

Financial Signals that a loan may turn into a NPA does not include:

Operational Signals that a loan may turn into a NPA includes:

_____ was launched in 2015 with the objective of regulating micro and small enterprise financing business and supporting them.

License was given to ____ primarily to provide small savings accounts, and payments and remittance services.

In order to increase the outreach of the banking sector, RBI introduced the concept of ____ as intermediaries between banks and the end consumer.

Under priority sector, loans are granted to individuals for educational purposes including vocational courses, up to ____ for studies in India.

The goal of a priority sector lending initiative is to provide credit to the _____ of the society, as opposed to funding only profitable sectors.

____ falls into the priority sector under the policy of priority sector lending.

Loans beyond Rs 5 lakh and up to Rs 10 lakh are available under the ____ category.

Loans beyond Rs 50000 and up to Rs 5 lakh are available under the ____ category.

The ____ cannot undertake lending activities.

License was given to ____ primarily to undertake basic banking activities of acceptance of deposits.

Loans up to Rs 50000/- are available under the ____ category under Mudra Scheme.

“India lives in villages” were the golden words of Mahatma Gandhi.

Providing small sized loans in large numbers often raises the operational costs for banks.

Banks normally finance those who, in their opinion, are credit worthy.

Bank loans to Primary Agricultural Credit Societies is an example of 'Indirect Finance' to Agriculture.

Technology can be significantly leveraged for acquiring customers.

All crop loans are said to be short–term loans.

Credit needs of trainees will be appraised by RSETIs and the sense will be conveyed to the bank branches.

A key objective of financial inclusion is to extend formal banking system among the less privileged in urban & rural India.

Financial literacy is having the knowledge, skills and confidence to make responsible financial decisions.

In Jan 2006, banks were permitted to utilize the services of NGOs / SHGs to provide micro finance.

RBI considers you to be financially excluded if you lack the opportunity to buy insurance and investment products.

A key objective of financial inclusion is to extend formal banking system among the less privileged in urban & rural India.

Financial literacy is having the knowledge, skills and confidence to make responsible financial decisions.

All crop loans are said to be short–term loans.

‘Responsible financial decisions’ refers to the ability of individuals to use the knowledge, skills and confidence they have gained to make choices appropriate to their own.

Lack of awareness, low income, social exclusion, illiteracy, etc are reasons for financial exclusion.

RSETIs are managed by banks with active co-operation from the Government of India and State Governments.

Kisan Credit Cards to help farmers access timely and adequate credit.

Distance from branch, branch timings, cumbersome documents and procedures, unsuitable products, etc are reasons for financial exclusion.

Business Facilitators & Business Correspondents ensure greater financial inclusion & the outreach of banking.

Priority Sector refers to those sectors of the economy which may not get timely and adequate credit in the absence of this special dispensation.

KCC helps the farmer buy seeds, fertilizers at farmer’s convenience and choice.

A key objective of financial inclusion is to wean people away from unorganized money markets and moneylenders.

Certificates issued by an RSETI will be recognised by all banks for purposes of extending credit to the trainees.