Question

As per RBI guidelines, what is the definition of a 'Project Loan'?

A A term loan for setting up an economic venture Correct Answer Incorrect Answer
B A loan for any economic venture Correct Answer Incorrect Answer
C A loan for setting up an infrastructure project Correct Answer Incorrect Answer
D A loan for setting up a non-infrastructure project Correct Answer Incorrect Answer
E A short-term loan for setting up an economic venture Correct Answer Incorrect Answer

Solution

Explanation: RBI guidelines define 'Project Loan' as any term loan extended for the purpose of setting up an economic venture

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