Question

    What does the term 'Project Loan' refer to, as per RBI

    guidelines?
    A A loan for setting up a manufacturing unit Correct Answer Incorrect Answer
    B A term loan for setting up an economic venture Correct Answer Incorrect Answer
    C A loan for short-term working capital needs 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

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

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