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.
Which article of the Indian Constitution guarantees the Right to Freedom of Speech and Expression?
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As per the Sale of Goods Act, the term "fault" is defined as:
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Essential Requirement for application of section 27 of Evidence Act are:
As per S.5 of the Indian Evidence Act, 1872 evidence can be given of the_________.
If a new company gets registered with a name which resembles the name of existing company, then who will resolve the dispute?
Under Section 320(1) of Cr.PC for fraudulent removal or concealment of property etc. to prevent distribution among creditors, which section of IPC is ap...
Which of the following best describes a progressive tax system?
Which of the following best describes the new provision replacing 'sedition' under the BNS, 2023?
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