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PSLCs are a mechanism to enable banks to achieve the priority sector lending target and sub-targets by purchase of these instruments in the event of shortfall. What is the full form of PSLCs?
  • a)
    Priority Sector Lending Certificates
  • b)
    Public Sector Lending Certificates
  • c)
    Priority Security Lending Certificates
  • d)
    Priority Sector Lending Centers
  • e)
    Private Service Lending Certificates
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
PSLCs are a mechanism to enable banks to achieve the priority sector ...
Priority Sector Lending Certificates (PSLCs) are a mechanism to enable banks to achieve the priority sector lending target and sub-targets by the purchase of these instruments in the event of a shortfall. This also incentivizes surplus banks as it allows them to sell their excess achievement over targets thereby enhancing lending to the categories under the priority sector. Under the PSLC mechanism, the seller sells fulfillment of priority sector obligation and the buyer buys the obligation with no transfer of risk or loan assets.
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PSLCs are a mechanism to enable banks to achieve the priority sector lending target and sub-targets by purchase of these instruments in the event of shortfall. What is the full form of PSLCs?a)Priority Sector Lending Certificatesb)Public Sector Lending Certificatesc)Priority Security Lending Certificatesd)Priority Sector Lending Centerse)Private Service Lending CertificatesCorrect answer is option 'A'. Can you explain this answer?
Question Description
PSLCs are a mechanism to enable banks to achieve the priority sector lending target and sub-targets by purchase of these instruments in the event of shortfall. What is the full form of PSLCs?a)Priority Sector Lending Certificatesb)Public Sector Lending Certificatesc)Priority Security Lending Certificatesd)Priority Sector Lending Centerse)Private Service Lending CertificatesCorrect answer is option 'A'. Can you explain this answer? for Banking Exams 2024 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about PSLCs are a mechanism to enable banks to achieve the priority sector lending target and sub-targets by purchase of these instruments in the event of shortfall. What is the full form of PSLCs?a)Priority Sector Lending Certificatesb)Public Sector Lending Certificatesc)Priority Security Lending Certificatesd)Priority Sector Lending Centerse)Private Service Lending CertificatesCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Banking Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for PSLCs are a mechanism to enable banks to achieve the priority sector lending target and sub-targets by purchase of these instruments in the event of shortfall. What is the full form of PSLCs?a)Priority Sector Lending Certificatesb)Public Sector Lending Certificatesc)Priority Security Lending Certificatesd)Priority Sector Lending Centerse)Private Service Lending CertificatesCorrect answer is option 'A'. Can you explain this answer?.
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