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      Question

      What is the limit for loans against shares, debentures

      and bonds per individual?
      A Rupees fifteen lakhs if securities are in physical form, and Rupees twenty-five lakhs if securities are in dematerialised form. Correct Answer Incorrect Answer
      B Rupees five lakhs if securities are in physical form, and Rupees fifteen lakhs if securities are in dematerialised form. Correct Answer Incorrect Answer
      C Rupees ten lakhs if securities are in physical form and Rupees twenty lakhs if securities are in dematerialised form. Correct Answer Incorrect Answer
      D Rupees twenty lakhs lakhs if securities are in physical form and Rupees fifty lakhs if securities are in dematerialised form. Correct Answer Incorrect Answer
      E Rupees ten lakhs if securities are in physical form and Rupees five lakhs if securities are in dematerialised form. Correct Answer Incorrect Answer

      Solution

      As per RBI circular the limit for loans against shares, debentures, and bonds per individual is rupees ten lakhs if the securities are in physical form, and rupees twenty lakhs if the securities are in dematerialized form.

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