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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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