Question

What is the maximum value of gold ornaments and jewellery against which loans can be sanctioned?

A 75 per cent Correct Answer Incorrect Answer
B 25 per cent Correct Answer Incorrect Answer
C 100 per cent Correct Answer Incorrect Answer
D 50 per cent Correct Answer Incorrect Answer
E 80 per cent Correct Answer Incorrect Answer

Solution

Under the prescribed 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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