Multiple Choice Questions on Among various categories of lsquo priority sectors rsquo in the Priority Sector Lending scheme the o........... for UPSC Civil Services Examination (General Studies) Preparation

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Multiple Choice Questions

Among various categories of lsquo priority sectors rsquo in the Priority Sector Lending scheme the o...........

Economic Affairs Types of Banks and Banking
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    Among various categories of ‘priority sectors’ in the Priority Sector Lending scheme, the one allocated the highest target share is

    Agriculture

    Correct Answer

    Weaker sections

    Incorrect Answer

    Micro enterprises

    Incorrect Answer

    Information Technology

    Incorrect Answer
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    Explanation:

    Agriculture

    • Domestic banks are required to lend 18% of the Adjusted Net Banking Credit (ANBC) to the agriculture sector and 10% to the weaker section.
    • The RBI recommends a sub-target of 8% of the ANBC for small and marginal farmers in a phased manner.

    By: Pradeep Kumar
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