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      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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