Multiple choice

The RBI asked the banks not to grant loans to individuals for the purchase of which of the following?

  1. Gold

  2. Agriculture land

  3. Two wheelers in rural areas

  4. Kisan Vikas Patra

  5. All these

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

The RBI issued directives prohibiting banks from granting loans to individuals specifically for the purchase of Kisan Vikas Patras (KVP) to prevent the misuse of credit for small savings instruments.