Question Details

Detailed explanation and options for the selected question.

What does "Priority Sector Lending" mean in banking?

A. Lending to government projects
B. Lending to socially and economically important sectors
C. Lending to large corporations
D. Lending for export activities

Explanation:

Priority Sector Lending refers to banks mandatorily providing a portion of their loans to sectors like agriculture, education, and small businesses, which are vital for economic development. The other options do not capture this concept.