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

    Question

    Currently, banks are required to make ____ per cent of

    their total lending towards priority sectors
    A 10% Correct Answer Incorrect Answer
    B 20% Correct Answer Incorrect Answer
    C 25% Correct Answer Incorrect Answer
    D 35% Correct Answer Incorrect Answer
    E 40% Correct Answer Incorrect Answer

    Solution

    Currently, 8 sectors are eligible to get lending under the PSL mechanism including agriculture, MSMEs, export credit, housing, education, renewables, and social infrastructure sectors. Also, it will help banks to meet their PSL targets. Currently, banks are required to make 40 per cent of their total lending towards priority sectors.

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