Civil Services Prep

Prelims 2013 · Economy · Question 26

Priority Sector Lending by banks in India constitutes the lending to

  1. Agriculture
  2. Micro and small enterprises
  3. Weaker sections
  4. All of the above

Answer

All of the above

  • (a) Agriculture: Agriculture is a core category under RBI’s Priority Sector Lending (PSL) norms. Correct.
  • (b) Micro and small enterprises: Micro and small enterprises/MSMEs are included in PSL. Correct.
  • (c) Weaker sections: Lending to weaker sections is specifically covered within PSL targets. Correct.
  • Since all three are covered under Priority Sector Lending, (d) All of the above is the correct answer.
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