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      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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