Priority Sector Lending - GS questions based on daily current affairs

1)   Consider the following statements about priority sector lending

1. All banks have to lend at least 40% of their net credit to the priority sector

2. Foreign banks with less than 20 branches will move to total priority sector target of 40 percent by 2019-20.

Which of the above statements are correct?

a. Only 1
b. Only 2
c. Both
d. None

2)   Which of the following is part of priority sector lending?

1. Education
2. renewable energy
3. Personal loans
4. social infrastructure
5. Medium enterprises
6. Export Credit
7. Housing
8. Credit cards

a. 1,2,5,7,8
b. 1,2,3,7,8
c. 1,3,4,5,6,7
d. 1,2,3,5,7,8