BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following lending qualifies as a priority sector loan?
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Loan for purchase of gold for marriage of daughter
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Loan for consumer durables
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Housing loan
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Loan for purchase of tractor
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Explanation:
Detailed explanation-1: -Small and Marginal Farmers Landless agricultural labourers, tenant farmers, oral lessees and share-croppers. Loans to Self Help Groups, where groups of individual Small and Marginal farmers are directly engaged in Agriculture and Allied Activities. Banks have to maintain disaggregated data of such loans.
Detailed explanation-2: -Loans to individuals for educational purposes, including vocational courses, not exceeding Rs 20 lakh will be considered as eligible for priority sector classification.
There is 1 question to complete.