BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of these is a Priority Sector for Lending as specified by the RBI?
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Agriculture
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Education
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Housing
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All of the above
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Explanation:
Detailed explanation-1: -The categories under priority sector are as follows: Agriculture. Micro, Small and Medium Enterprises. Export Credit.
Detailed explanation-2: -Ans: d. Priority sector lending constitutes the lending to– agriculture, micro and small enterprises, micro credit, education, housing and weaker sections.
Detailed explanation-3: -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.
There is 1 question to complete.