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Question : For commercial bank lending, the 'Priority Sector' denotes:

Option 1: self-employed

Option 2: agriculture and small-scale industries

Option 3: small industrialists

Option 4: small farmers


Team Careers360 13th Jan, 2024
Answer (1)
Team Careers360 22nd Jan, 2024

Correct Answer: agriculture and small-scale industries


Solution : The correct options are agriculture and small-scale industries .

The weaker segment of the population, small-scale enterprises, and agriculture are the primary sectors for lending for commercial banks in India. Priority sector lending refers to targeted funding for economic sectors that are developing at a slower rate than average.

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