Question

The primary focus area of development banks is the

• A. industrial sector
• B. service sector
• C. agricultural sector
• D. IT sector

Answer 1

The correct option is A industrial sector

Development banks primarily focus on the industrial sector. They provide long-term loans to industries for various purposes like day-to-day business operation, extension, and modernisation. Additionally, the beneficiaries of development banks include other sectors like agriculture, small-scale industry, trade, construction of houses, and basic infrastructure.