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What is the primary objective of Priority Sector Lending?

medium Q15 of 15
Banking Awareness - Basics Of Banking & Banking Terminology
What is the primary objective of Priority Sector Lending?
APromote inclusive and balanced growth
BMaximise bank profits
CEncourage speculative activities
DSupport only large industries
Step-by-Step Solution

  1. Step 1: Identify policy intent

    PSL is a developmental banking policy.

  2. Step 2: Match with correct objective

    The aim is inclusive and balanced economic growth.

  3. Final Answer:

    Promote inclusive and balanced growth → Option A

  4. Quick Check:

    Inclusion over profit defines PSL ✅
Quick Trick: PSL = Inclusion first.
Common Mistakes:
  • Assuming profit maximisation is the goal.
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