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
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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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Question : Small Industries Development Bank of India (SIDBI) is regulated by____________.
Option 1: Indian Bank
Option 2: Reserve Bank of India
Option 3: ICICI Bank
Option 4: State Bank of India
Question : Small Industries Development Bank of India (SIDBI) is regulated by ______.
Option 1: State Bank of India
Option 2: Indian Bank
Option 3: Reserve Bank of India
Option 4: ICICI Bank
Question : Which among the following is a public sector bank?
Option 1: Axis Bank
Option 2: ICICI Bank
Option 3: Bank of Baroda
Option 4: Yes Bank
Question : Gandhiji was a staunch supporter of:
Option 1: Big industries
Option 2: Cottage industries
Option 3: Both big as well as small industries
Option 4: None of these
Question : The upper limit of investment in plant and machinery for small-scale industries has been fixed currently at:
Option 1: Rs. 35 lakhs
Option 2: Rs. 45 lakhs
Option 3: Rs. 60 lakhs
Option 4: 1 crore
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