Multiple choice

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

  1. Gold

  2. Agricultural 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 to banks to refrain from granting loans for the purchase of Kisan Vikas Patra, as these are government savings instruments and using bank credit to purchase them was considered an improper use of financial leverage.