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Which among the following is considered as Priority Sector for financing by banks?
1. Industries
2. Services
3. Agriculture
4. Big trade

1 Answer

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Best answer
Correct Answer - Option 3 : Agriculture

The correct answer is Agriculture.

  • The priority sector lending by commercial banks in India is to agriculture, small-scale industries, and the weaker sector of the population.
  • Targeted financing for the areas in an economy that are lagging behind the normal pace of development is called priority sector lending.

  • Governor of RBI - Shaktikanta Das
  • Deputy Governor of RBI - M Rajeshwar Rao, BP Kanungo, MK Jain, and MD Patra.
  • CEO of RBI is Uday Kotak
  • RBI Governor and Deputy Governors are appointed by the Central Government. 

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