New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Under the scheme DAY NRLM short term loans of Rs. 3 lakh

    are given to SHGs. It has a provision of additional interest subvention of ___ % for prompt repayment which makes effective interest to be 4% per annum
    A 2% Correct Answer Incorrect Answer
    B 3% Correct Answer Incorrect Answer
    C 4% Correct Answer Incorrect Answer
    D 7% Correct Answer Incorrect Answer
    E 1% Correct Answer Incorrect Answer

    Solution

    The correct answer is B

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