Economy Quiz: Indian Economy – Banking Reforms since Independence – 9 December 2021

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Dear Friends,

We are posting prelims marathon MCQs for today. In this initiative, you can attempt 10 subjective MCQs on a daily basis. For schedule, refer to the archive link given below.

For Prelims marathon archiveclick here 
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Marking Pattern

Correct Answer : 2

Wrong Answer : -0.66

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Lost Soul
Lost Soul
3 years ago

Your Score Card
Total Number of Questions : 10
Total Not Attempted Questions : 0
Total Correct : 8
Total Wrong : 2
You have scored
14.68 / 20

ForumIAS
3 years ago
Reply to  Lost Soul

Very nice attempt

Lost Soul
Lost Soul
3 years ago
Reply to  Lost Soul

The differential rate of interest (DRI) is a lending programme launched by the government in April 1972 (Fourth five-year plan) which makes it obligatory upon all the public sector banks in India to lend 1 per cent of the total lending of the preceding year to ‘the poorest among the poor’ at an interest rate of 4 per cent per annum.
*Narasimham committee recommendations on Priority Sector Lending (PSL).
Directed credit programme should be phased out gradually.
The redefined PSL should be fixed at 10% of the aggregate bank credit.
*DRTs were set up after the passing of Recovery of Debts due to Banks and Financial Institutions Act (RDBBFI), 1993.

Radha (R. K)
Radha (R. K)
3 years ago

5/10

ANKIT KUMAR
ANKIT KUMAR
3 years ago

6/9

GRIZZLY
GRIZZLY
3 years ago

TIME LEFT :01:03
Your Score Card
Total Number of Questions : 10
Total Not Attempted Questions : 3
Total Correct : 6
Total Wrong : 1
You have scored
11.34 / 20

ATUL RAJ
ATUL RAJ
3 years ago

TIME LEFT :00:27
Your Score Card
Total Number of Questions : 10
Total Not Attempted Questions : 1
Total Correct : 7
Total Wrong : 2

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