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    Question

    What is the loan amount in the education sector for

    studying abroad that is included in the Priority Sector by the RBI?
    A Rs 15 lakhs Correct Answer Incorrect Answer
    B Rs 20 lakhs Correct Answer Incorrect Answer
    C Rs 10 lakhs Correct Answer Incorrect Answer
    D Rs 25 lakhs Correct Answer Incorrect Answer
    E Rs 30 lakhs Correct Answer Incorrect Answer

    Solution

    Education is one of the priority sectors identified by the RBI. Under the Priority Sector Lending guidelines, loans upto Rs 10 lakhs to the individuals for educations purposes including the vocational courses to study in India and upto Rs 20 lakhs for studying abroad are identified under the priority sector by the Reserve Bank of India.

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