
Select the correct statement regarding the Priority Sector Lending (PSL) obligations of the banks operating in India


Important Questions on Indian Economy
Select the correct one/ones about a Local Area Banks (LABs) using the code given below
. They ensure focussed savings and credit mobilisation by defining their clear boundary of operation.
. They operate in narrow geographical area of three continuous districts.
. Private sector is allowed to enter the segment.

Select the correct one/ones about the Banking Financial Supervision (BFS) in India
. The RBI performs financial supervision function under the guidance of the Board for Financial Supervision (BFS).
. Primary objective of BFS is to undertake consolidate supervision of the financial sector comprising commercial banks, financial institutions and non-banking finance companies.

Select the correct one/ones about the cooperative banks in India from the given choices using the codes
. The Urban Co-operative Banks (ICBS), Until , could only lend for non-agricultural purposes.
. These banks provide most services, such as savings and current accounts, safe deposit lockers, loans or mortgages to private and business customers.





