In the context of Indian banking, the term 'Priority Sector Lending' includes advances to: MCQ with Answer and Explanation

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In the context of Indian banking, the term 'Priority Sector Lending' includes advances to:

A. Only export-oriented units

B. Only infrastructure projects by private companies

C. Only large industrial houses

D. Agriculture, micro and small enterprises, education and housing

Answer: Option D

Solution (By JKSSB Mock Tests)

Priority Sector Lending targets sectors such as agriculture, micro, small and medium enterprises, education, housing, social infrastructure and renewable energy.

This question belongs to: Economy GK Economy Set 1

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In the context of international macroeconomics, the 'Twin Deficits' hypothesis links:

A. Only domestic saving and investment

B. Only the trade deficit and the capital-account surplus

C. Only the revenue deficit and the primary deficit

D. The fiscal deficit and the current-account deficit

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Correct Answer: Option D

Explanation:
The twin-deficits hypothesis posits a positive relationship between the government budget deficit and the current-account deficit, arising from the national accounting identity linking private saving, investment and the twin deficits.

This question belongs to: Economy GK Economy Set 1