Multiple Choice Questions on Which of the following are included in Ancillary Activities of agriculture under Public Sector Lendi........... for NABARD Assistant Manager Exam Preparation

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Multiple Choice Questions

Which of the following are included in Ancillary Activities of agriculture under Public Sector Lendi...........

Economic and social issues(Phase-I/II) Rural Banking and financial institutions
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    Which of the following are included in Ancillary Activities of agriculture under Public Sector Lending

    1) Loans up to Rs 5 crore to co-operative societies of farmers for disposing of the produce of members

    2) Loans for setting up of Agriclinics and Agribusiness Centres

    3) Loans for Food and Agro-processing up to an aggregate sanctioned limit of Rs. 100 crore per borrower (

    This questions was previously asked in
    Nabard grade-A, Previous year Memory Based Paper (2023)
    View All NABARD Previous Year Papers

    1 and 2 only 

    Incorrect Answer

    2 and 3 only 

    Incorrect Answer

    1 and 3 only

    Incorrect Answer

    1 only 

    Incorrect Answer

    All of the above

    Correct Answer
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    Explanation:

    - Let's check each statement regarding Ancillary Activities under agriculture in Public Sector Lending (PSL):

    - 1) Loans up to Rs 5 crore to co-operative societies of farmers for disposing of the produce are included as ancillary activity in PSL.

    - 2) Loans for setting up of Agriclinics and Agribusiness Centres are specifically classified as ancillary activities under PSL.

    - 3) Loans for Food and Agro-processing up to an aggregate sanctioned limit of Rs 100 crore per borrower are also treated as part of ancillary agriculture activities in PSL.

    - So, all three statements are correct.

    - Option 5 (All of the above) covers all three statements.

    By: Parvesh Mehta
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