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TOTAL QUESTION: 20
TOTAL TIME= 15 MIN
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Your results are here!! for" DRI AND External Benchmark Rate (Repo Rate) "
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Question 1 of 20
1. Question
At what concessional interest rate are loans provided under the Differential Rate of Interest (DRI) scheme?
Correct
The DRI scheme provides loans at a concessional interest rate of 4% per annum.
Incorrect
The DRI scheme provides loans at a concessional interest rate of 4% per annum.
Unattempted
The DRI scheme provides loans at a concessional interest rate of 4% per annum.
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Question 2 of 20
2. Question
What is one of the main objectives of the Differential Rate of Interest (DRI) scheme?
Correct
The scheme helps economically disadvantaged individuals achieve financial self-sufficiency.
Incorrect
The scheme helps economically disadvantaged individuals achieve financial self-sufficiency.
Unattempted
The scheme helps economically disadvantaged individuals achieve financial self-sufficiency.
Hint
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Question 3 of 20
3. Question
What is the maximum annual family income for a person in a rural area to qualify under the DRI scheme?
Correct
For rural areas, annual family income should not exceed ₹18,000 under the given criteria.
Incorrect
For rural areas, annual family income should not exceed ₹18,000 under the given criteria.
Unattempted
For rural areas, annual family income should not exceed ₹18,000 under the given criteria.
Hint
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Question 4 of 20
4. Question
What is the maximum annual family income for a person in an urban area to qualify under the DRI scheme?
Correct
For urban areas, annual family income should not exceed ₹24,000 under the given criteria.
Incorrect
For urban areas, annual family income should not exceed ₹24,000 under the given criteria.
Unattempted
For urban areas, annual family income should not exceed ₹24,000 under the given criteria.
Hint
0
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Question 5 of 20
5. Question
What is the maximum loan amount available under the DRI scheme for general purposes?
Correct
The DRI scheme provides a maximum of ₹15,000 for general purposes.
Incorrect
The DRI scheme provides a maximum of ₹15,000 for general purposes.
Unattempted
The DRI scheme provides a maximum of ₹15,000 for general purposes.
Hint
0
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Question 6 of 20
6. Question
Up to what amount can a housing loan be provided under the DRI scheme?
Correct
For housing purposes, the DRI loan amount can go up to ₹20,000.
Incorrect
For housing purposes, the DRI loan amount can go up to ₹20,000.
Unattempted
For housing purposes, the DRI loan amount can go up to ₹20,000.
Hint
0
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Question 7 of 20
7. Question
Which of the following categories receives priority under the DRI scheme?
Correct
Priority is given to categories such as SCs, STs, physically handicapped individuals, women and artisans.
Incorrect
Priority is given to categories such as SCs, STs, physically handicapped individuals, women and artisans.
Unattempted
Priority is given to categories such as SCs, STs, physically handicapped individuals, women and artisans.
Hint
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Question 8 of 20
8. Question
Which banks are required to implement the DRI scheme according to the given content?
Correct
All scheduled commercial banks except Regional Rural Banks are required to implement the DRI scheme.
Incorrect
All scheduled commercial banks except Regional Rural Banks are required to implement the DRI scheme.
Unattempted
All scheduled commercial banks except Regional Rural Banks are required to implement the DRI scheme.
Hint
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Question 9 of 20
9. Question
What proportion of their total advances are banks required to lend under the DRI scheme?
Correct
Banks are mandated to lend up to 1% of their total advances under the scheme.
Incorrect
Banks are mandated to lend up to 1% of their total advances under the scheme.
Unattempted
Banks are mandated to lend up to 1% of their total advances under the scheme.
Hint
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Question 10 of 20
10. Question
Which of the following is a stated purpose for which loans can be used under the DRI scheme?
Correct
DRI loans can support income-generating activities, education, housing and medical assistance.
Incorrect
DRI loans can support income-generating activities, education, housing and medical assistance.
Unattempted
DRI loans can support income-generating activities, education, housing and medical assistance.
Hint
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Question 11 of 20
11. Question
What does an external benchmark rate refer to in bank lending?
Correct
It is a standard interest rate determined by an external authority and used as a reference for lending rates.
Incorrect
It is a standard interest rate determined by an external authority and used as a reference for lending rates.
Unattempted
It is a standard interest rate determined by an external authority and used as a reference for lending rates.
Hint
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Question 12 of 20
12. Question
What is the Repo Rate?
Correct
The Repo Rate is the rate at which RBI lends short-term funds to commercial banks in case of liquidity shortages.
Incorrect
The Repo Rate is the rate at which RBI lends short-term funds to commercial banks in case of liquidity shortages.
Unattempted
The Repo Rate is the rate at which RBI lends short-term funds to commercial banks in case of liquidity shortages.
Hint
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Question 13 of 20
13. Question
How does the Repo Rate function as an external benchmark for lending rates?
Correct
The Repo Rate serves as the foundation for determining lending rates under the external benchmark regime.
Incorrect
The Repo Rate serves as the foundation for determining lending rates under the external benchmark regime.
Unattempted
The Repo Rate serves as the foundation for determining lending rates under the external benchmark regime.
Hint
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Question 14 of 20
14. Question
How frequently are banks required to revise lending rates based on changes in the external benchmark, according to the given content?
Correct
The given content states that banks must revise lending rates at least once every three months based on the external benchmark.
Incorrect
The given content states that banks must revise lending rates at least once every three months based on the external benchmark.
Unattempted
The given content states that banks must revise lending rates at least once every three months based on the external benchmark.
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Question 15 of 20
15. Question
Which feature of the external benchmark system helps make loan pricing more transparent?
Correct
Standardized external benchmarks make the basis for loan pricing clearer and more uniform.
Incorrect
Standardized external benchmarks make the basis for loan pricing clearer and more uniform.
Unattempted
Standardized external benchmarks make the basis for loan pricing clearer and more uniform.
Hint
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Question 16 of 20
16. Question
What is a key benefit of linking lending rates to the Repo Rate?
Correct
Changes in the Repo Rate are quickly reflected in lending rates, improving monetary policy transmission.
Incorrect
Changes in the Repo Rate are quickly reflected in lending rates, improving monetary policy transmission.
Unattempted
Changes in the Repo Rate are quickly reflected in lending rates, improving monetary policy transmission.
Hint
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Question 17 of 20
17. Question
What is one challenge of using the Repo Rate as an external benchmark?
Correct
Frequent Repo Rate changes can cause volatility in lending rates and create uncertainty for borrowers.
Incorrect
Frequent Repo Rate changes can cause volatility in lending rates and create uncertainty for borrowers.
Unattempted
Frequent Repo Rate changes can cause volatility in lending rates and create uncertainty for borrowers.
Hint
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Question 18 of 20
18. Question
Which of the following is mentioned as a type of loan that can be linked to the Repo Rate?
Correct
The given content states that housing loans, car loans and personal loans are typically linked to the Repo Rate.
Incorrect
The given content states that housing loans, car loans and personal loans are typically linked to the Repo Rate.
Unattempted
The given content states that housing loans, car loans and personal loans are typically linked to the Repo Rate.
Hint
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Question 19 of 20
19. Question
How can Repo Rate-based pricing of SME loans support businesses?
Correct
The given content states that Repo Rate-based pricing of SME loans can promote business growth.
Incorrect
The given content states that Repo Rate-based pricing of SME loans can promote business growth.
Unattempted
The given content states that Repo Rate-based pricing of SME loans can promote business growth.
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Question 20 of 20
20. Question
How can standardized external benchmarks encourage competition among banks?
Correct
Standardized benchmarks allow banks to compete based on margins and services, benefiting borrowers.
Incorrect
Standardized benchmarks allow banks to compete based on margins and services, benefiting borrowers.
Unattempted
Standardized benchmarks allow banks to compete based on margins and services, benefiting borrowers.
Hint
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