Economics · Priority Sector Lending

Consider the following statements regarding Priority Sector Lending (PSL) in India: 1) Agriculture is a major component of PSL. 2) Targets and guidelines for PSL are prescribed by the Reserve Bank of India (RBI). 3) PSL norms apply only to foreign banks operating in India. Which of the statements given above are correct?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

11 and 3 only
22 and 3 only
31, 2 and 3
41 and 2 only✓

Correct answer

1 and 2 only

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