MCQs- Role of Priority Sector and MSME in the Indian Economy
Role of Priority Sector and MSME in the Indian Economy – Collapsible Q&A with MCQs 1. What is meant by Priority Sector in India? Priority sectors are those sectors which the Government and RBI consider important for the development of the economy and aim to provide institutional credit to. 2. MCQ – Which of the following is NOT a part of the Priority Sector? a) Agriculture b) Micro, Small and Medium Enterprises c) Education d) Real Estate Correct Answer: d) Real Estate 3. What is Priority Sector Lending (PSL)? PSL is a scheme under which banks are directed by RBI to lend a specific portion of their credit to specific sectors such as agriculture, MSMEs, education, housing, and more. 4. MCQ – What is the current PSL target for domestic commercial banks? a) 20% of ANBC b) 30% of ANBC c) 40% of ANBC d) 50% of ANBC Correct Answer: c) ...