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What are Priority Sector Lending Certificates (PSLCs)?a)A certificate issued by a bank to a person depositing money for a specified length of time at a specified rate of interestb)A mechanism to enable banks to achieve the priority sector lending target and sub-targets by purchase of these instruments in the event of shortfallc)An unsecured promissory note with a fixed maturity of rarely more than 270 daysd)A negotiable instrument is a document guaranteeing the payment of a specific amount of money, either on demand, or at a set time, whose payer is usually named on the documente)All of the aboveCorrect answer is option 'B'. 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 What are Priority Sector Lending Certificates (PSLCs)?a)A certificate issued by a bank to a person depositing money for a specified length of time at a specified rate of interestb)A mechanism to enable banks to achieve the priority sector lending target and sub-targets by purchase of these instruments in the event of shortfallc)An unsecured promissory note with a fixed maturity of rarely more than 270 daysd)A negotiable instrument is a document guaranteeing the payment of a specific amount of money, either on demand, or at a set time, whose payer is usually named on the documente)All of the aboveCorrect answer is option 'B'. 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 What are Priority Sector Lending Certificates (PSLCs)?a)A certificate issued by a bank to a person depositing money for a specified length of time at a specified rate of interestb)A mechanism to enable banks to achieve the priority sector lending target and sub-targets by purchase of these instruments in the event of shortfallc)An unsecured promissory note with a fixed maturity of rarely more than 270 daysd)A negotiable instrument is a document guaranteeing the payment of a specific amount of money, either on demand, or at a set time, whose payer is usually named on the documente)All of the aboveCorrect answer is option 'B'. Can you explain this answer?.

Solutions for What are Priority Sector Lending Certificates (PSLCs)?a)A certificate issued by a bank to a person depositing money for a specified length of time at a specified rate of interestb)A mechanism to enable banks to achieve the priority sector lending target and sub-targets by purchase of these instruments in the event of shortfallc)An unsecured promissory note with a fixed maturity of rarely more than 270 daysd)A negotiable instrument is a document guaranteeing the payment of a specific amount of money, either on demand, or at a set time, whose payer is usually named on the documente)All of the aboveCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Banking Exams. Download more important topics, notes, lectures and mock test series for Banking Exams Exam by signing up for free.

Here you can find the meaning of What are Priority Sector Lending Certificates (PSLCs)?a)A certificate issued by a bank to a person depositing money for a specified length of time at a specified rate of interestb)A mechanism to enable banks to achieve the priority sector lending target and sub-targets by purchase of these instruments in the event of shortfallc)An unsecured promissory note with a fixed maturity of rarely more than 270 daysd)A negotiable instrument is a document guaranteeing the payment of a specific amount of money, either on demand, or at a set time, whose payer is usually named on the documente)All of the aboveCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of What are Priority Sector Lending Certificates (PSLCs)?a)A certificate issued by a bank to a person depositing money for a specified length of time at a specified rate of interestb)A mechanism to enable banks to achieve the priority sector lending target and sub-targets by purchase of these instruments in the event of shortfallc)An unsecured promissory note with a fixed maturity of rarely more than 270 daysd)A negotiable instrument is a document guaranteeing the payment of a specific amount of money, either on demand, or at a set time, whose payer is usually named on the documente)All of the aboveCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for What are Priority Sector Lending Certificates (PSLCs)?a)A certificate issued by a bank to a person depositing money for a specified length of time at a specified rate of interestb)A mechanism to enable banks to achieve the priority sector lending target and sub-targets by purchase of these instruments in the event of shortfallc)An unsecured promissory note with a fixed maturity of rarely more than 270 daysd)A negotiable instrument is a document guaranteeing the payment of a specific amount of money, either on demand, or at a set time, whose payer is usually named on the documente)All of the aboveCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of What are Priority Sector Lending Certificates (PSLCs)?a)A certificate issued by a bank to a person depositing money for a specified length of time at a specified rate of interestb)A mechanism to enable banks to achieve the priority sector lending target and sub-targets by purchase of these instruments in the event of shortfallc)An unsecured promissory note with a fixed maturity of rarely more than 270 daysd)A negotiable instrument is a document guaranteeing the payment of a specific amount of money, either on demand, or at a set time, whose payer is usually named on the documente)All of the aboveCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice What are Priority Sector Lending Certificates (PSLCs)?a)A certificate issued by a bank to a person depositing money for a specified length of time at a specified rate of interestb)A mechanism to enable banks to achieve the priority sector lending target and sub-targets by purchase of these instruments in the event of shortfallc)An unsecured promissory note with a fixed maturity of rarely more than 270 daysd)A negotiable instrument is a document guaranteeing the payment of a specific amount of money, either on demand, or at a set time, whose payer is usually named on the documente)All of the aboveCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice Banking Exams tests.