SSC Economics Sample Paper NCERT Sample Paper-7

  • question_answer
    The Priority Sector Lending includes:
    1. Small scale industry
    2. Small business
    3. Agricultural activities
    4. Education
    Choose the correct one:

    A)  Only 1 and 3    

    B)  Only 1, 2 and 3

    C)  Only 2, 3 and

    D)  All 1, 2, 3 and 4

    Correct Answer: D

    Solution :

    [d] Priority sector refers to those sectors of the economy which may not get timely and adequate credit in the absence of this special dispensation. Typically, these are small value loans to farmers for agriculture and allied activities, micro and small enterprises, poor people for housing, students for education and other low income groups and weaker sections. Priority Sector includes the following categories: (i) Agriculture (ii) Micro and Small Enterprises (iii) Education (iv) Housing (v) Export Credit (vi) Others

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