New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Priority Sector Lending by banks in India constitutes

    the lending to
    A Agriculture Correct Answer Incorrect Answer
    B Micro Enterprises Correct Answer Incorrect Answer
    C Small Enterprises Correct Answer Incorrect Answer
    D Medium Enterprises Correct Answer Incorrect Answer
    E All of the above Correct Answer Incorrect Answer

    Solution

    Priority Sector Lending is an important role given by the Reserve Bank of India (RBI) to the banks for providing a specified portion of the bank lending to few specific sectors. As per the RBI there are eight broad categories of the Priority Sector Lending. They are: (1) Agriculture (2) Micro, Small and Medium Enterprises (3) Export Credit (4) Education (5) Housing (6) Social Infrastructure (7) Renewable Energy (8) The others category includes personal loans to weaker section, loans to distressed persons, loans to state sponsored organisations for SC/ST.

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