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    Question

    As per RBI’s guidelines, what is the maximum loan

    amount that can be classified under Priority Sector Lending for education in India?
    A ₹10 lakh for studies in India and ₹20 lakh for studies abroad Correct Answer Incorrect Answer
    B ₹20 lakh for studies in India and ₹10 lakh for studies abroad Correct Answer Incorrect Answer
    C ₹15 lakh for India and ₹15 lakh for abroad Correct Answer Incorrect Answer
    D ₹10 lakh for both India and abroad Correct Answer Incorrect Answer
    E ₹7.5 lakh for India and ₹15 lakh for abroad Correct Answer Incorrect Answer

    Solution

    RBI classifies education loans under PSL up to ₹10 lakh for domestic and ₹20 lakh for overseas studies.

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