Question

    Under RBI norms, a borrower is considered wilful

    defaulter if:
    A Assets are insufficient to repay Correct Answer Incorrect Answer
    B Unable to pay due to losses Correct Answer Incorrect Answer
    C Defaults despite having capacity to pay Correct Answer Incorrect Answer
    D Requests restructuring Correct Answer Incorrect Answer
    E Applies for insolvency Correct Answer Incorrect Answer

    Solution

    Wilful default involves deliberate non-payment, not due to incapacity.

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