BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Public Sector Lending Certificates
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Priority Sector Lending Certificates
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Priority System Lending Certificates
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Priority Service Lending Certificates
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Detailed explanation-1: -Clarification: There are only four eligible categories of PSLCs i.e. PSLC General, PSLC Small and Marginal Farmer, PSLC Agriculture & PSLC Micro Enterprises.
Detailed explanation-2: -As per the RBI circular released in 2016, 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) Others.
Detailed explanation-3: -The four types of Priority Sector Lending Certificates are: PSLC Agriculture: Priority Sector Lending Certificates for agriculture lending sub-target. PSLC SF/MF: Priority Sector Lending Certificates for small and marginal Farmers lending sub-target.
Detailed explanation-4: -The sectors may be agriculture and allied activities, micro and small enterprises, poor people for housing, students for education and other low-income groups and weaker sections.