Question
Which of the following is not a correct feature of a
microfinance loan as per RBI’s guidelines?Solution
As per RBI’s Harmonised Regulatory Framework for Microfinance Loans (2022), the key features are: • Collateral-free → All microfinance loans must be unsecured. • Eligibility → Available to households with annual income of up to ₹3,00,000 (not ₹2,00,000). • No lien-marking → The loan cannot be linked with or secured against the borrower’s deposit account. • Repayment flexibility → Lenders must offer repayment schedules (weekly, fortnightly, or monthly) as per borrower convenience. • No prepayment penalty → Borrowers can prepay without additional charges. Penalty, if any, is only on overdue amounts.
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In the financial records of individuals A and R, the proportion of their salaries in the year 2022 was 5:4. Subsequently, the ratio of A's salaries in 2...
Ratio between two numbers is 9:14 and their difference is 55. Find the sum of the given two numbers.
What number has to be added to each term of 4:7 to make the ratio 5:6?
A starts a business with Rs. 75,000 and B joins the business 5 months later with an investment of Rs. 80,000. After 1 year, they earn a profit of Rs. 4,...
If the third proportion of 8 and 16 is “0.5k”, then find the value of (k − 4) : (k + 14).
A sum of money is divided in the ratio of 5 : 6. If the larger part is 192. Find the smaller part.
...In a class of 455 students, 255 are girls and remaining are boys. Among boys, the ratio of number of boys who are wearing caps to those who are not wear...
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