Priority Sector Lending by banks in India constitutes the lending to:
Detailed Explanation:
Priority Sector Lending (PSL) mandates banks to allocate 40% of Adjusted Net Bank Credit (ANBC) to designated sectors including agriculture and allied activities, micro and small enterprises, weaker sections (low-income groups, students for education, housing), export credit, renewable energy, and social infrastructure.
All three options – agriculture, micro and small enterprises, and weaker sections – are explicitly covered under the RBI's PSL guidelines, making option 4 the correct answer.
Question 15 of 15 Banking Structure in India
Practice PYQ questions from this topic across all years
Consider the following liquid assets: Demand deposits with the banks Time deposit...
All questions in this topic completed!