Question

The LTV allowed on loans against gold jewellery or gold loans is _____

A 50% Correct Answer Incorrect Answer
B 65% Correct Answer Incorrect Answer
C 75% Correct Answer Incorrect Answer
D 85% Correct Answer Incorrect Answer
E 90% Correct Answer Incorrect Answer

Solution

Under the extant RBI guidelines, loans sanctioned by banks against pledge of gold ornaments and jewellery should not exceed 75 per cent of the value of gold ornaments and jewellery.

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