Question
As per RBI's regulatory framework (2022), a microfinance
loan is defined as a collateral-free loan given to a household with annual income up to how much?Solution
As per the updated RBI definition (March 2022), a microfinance loan is defined as a collateral-free loan to a household whose annual income does not exceed ₹3 lakh, regardless of the lending institution (banks, NBFCs, MFIs, etc.). This uniform definition aims to expand access to small borrowers and harmonize credit assessment norms across lenders.
Many people believe that the new smartphone model is the best thing since sliced bread .
- In the given question, five alternatives are given for the Idiom/ Phrase given in bold in the sentence. Choose the alternative which best expresses the mea...
 Choose the alternative which best expresses the meaning of the given idiom.
At the eleventh hour
Play it by the ear
Harass, as with questions or requests
At Your Wits’ End
In the question below, a sentence is given with a part missing. From the options below, choose the correct combination of idioms that can fit in the bl...
Select the correct meaning of the given idiom.
Give the game away
In the following questions, an idiom has been used in three different ways. Choose the option corresponding to the sentences in which the usage of the ...
- An idiom/phrase is given in bold. Following this idiom/phrase are given three sentences, which use the given idiom/phrase. The idiom/phrase may or may not ...
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