Question

For commercial banks lending the priority sector denotes ? Options are given below
A) self employed
B) small industralists
C) agriculture and small scale industries
D) small farmers

Answer 1

Answer:

Option A

self employed

hope it helps

Answer 2

The priority sector for commercial banks lending include the agriculture and small scale industries.Hence,the correct answer is option C).

Explanation:

Based on the Reserve Bank of India(RBI) regulations,the main priority sector for any commercial bank lending includes the agricultural sector and small and medium scale enterprises or industries.Within the agricultural sector,the lending priorities have been further concentrated to rural or farm credit,agricultural infrastructure and agriculture based ancillary industries.Now,within the small and medium scale industries,priority commercial loans are provided to any industry specializing in manufacturing or production of any good or services that are included in the Industries Act of 1951 under the government of India.