BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which one of the following does not qualify as priority sector lending by commercial banks?
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Software exports
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Small business loans
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Education loans
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Small industries loan
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Explanation:
Detailed explanation-1: -Housing loans to banks’ own employees will not be eligible for classification under the priority sector.
Detailed explanation-2: -The priority sector lending by commercial banks in India is to agriculture, small-scale industries and the weaker sector of the population. Targeted financing for the areas in an economy which are lagging behind the normal pace of development is called priority sector lending.
Detailed explanation-3: -Facilitating import of goods is not a primary function of a bank.
There is 1 question to complete.