GKwizard

What is the primary purpose of the 'Priority Sector Lending' (PSL) guidelines for banks in India?

Answer: Option B

PSL mandates that scheduled commercial banks and foreign banks with a significant presence in India lend a specified portion of their net bank credit to certain priority sectors like agriculture, MSMEs, education, housing, and others.

1
The concept of 'Lead Bank Scheme' in India, introduced in 1969, primarily aimed at:

2
Which of the following committees is specifically associated with recommending reforms in India's banking sector?

3
The term 'Financial Inclusion' in India encompasses providing access to which of the following formal financial services?

4
What is the primary function of the Reserve Bank of India (RBI) as the 'lender of last resort'?

5
Which of the following is NOT a type of Non-Banking Financial Company (NBFC) in India?

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