Q24. Consider the following statements:

1. The overall objective of priority sector lending programme is to ensure that adequate institutional credit flows into some of the vulnerable sectors of the economy.

2. There are eight broad categories of the Priority Sector Lending Agriculture; Micro, Small and Medium Enterprises; Export Credit; Education ; Housing ; Social Infrastructure ; Renewable Energy ; Others.

Which of the following statements are correct?

a) 1 only

No worries! We‘ve got your back. Try BYJU‘S free classes today!

b) 2 only

No worries! We‘ve got your back. Try BYJU‘S free classes today!

c) Both 1 and 2

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

d) None of the above

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C
c) Both 1 and 2

The overall objective of priority sector lending programme is to ensure that adequate institutional credit flows into some of the vulnerable sectors of the economy, which may not be attractive for the banks from the point of view of profitability.

As per the RBI circular dates July 7, 2016, there are eight broad categories of the Priority Sector Lending viz. (1) Agriculture (2) Micro, Small and Medium Enterprises (3) Export Credit (4) Education (5) Housing (6) Social Infrastructure (7) Renewable Energy (8) Others

Suggest Corrections

Similar questions

Q34) Priority sector lending by banks in India constitutes the lending to which of the following sectors?

i) Medium Enterprises

ii) Social Infrastructure

iii) Renewable Energy

iv) Import credit

Q83. With reference to Priority Sector Lending Certificates (PSLCs), consider the following statements:

1. They are issued to lenders who have made loans to categories eligible under PSL.

2. They are non-tradable certificates.

Which of the above statement(s) is/are not correct?

Q. Consider the following statements regarding Mega Food Parks scheme:

Which of the statements given above is/are correct?

भारत में 20 से कम शाखाओं वाले विदेशी बैंकों का प्राथमिकता क्षेत्र उधार (PSL) के तहत कोई लक्ष्य नहीं है।
यह मौद्रिक नीति का एक मात्रात्मक साधन है।
लघु वित्तीय संस्थानों (MFI) को प्रदत्त बैंक साख को प्राथमिकता क्षेत्र उधार (PSL) के रूप में माना जाता है।

Join BYJU'S Learning Program