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  • Principles and Practices of Banking - 1 (JAIIB)
  • Collateral security and margin in loan to agriculture exe...
Multiple choice

Collateral security and margin in loan to agriculture exempted for loan of

  1. up to Rs. 10000

  2. up to Rs. 15000

  3. up to Rs. 25000

  4. up to Rs. 100000

  5. It is at the discretion of the bank.

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

No collateral is required up to a total loan of Rs. 1.00 lac from bank for agriculture purpose as per RBI guidelines.

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