Question

    RBI announced the interest rate for short-term loans

    upto Rs 300,000 through Kisan Credit cards (KCC) will be ___ % for the current financial year (FY23)?
    A 5 Correct Answer Incorrect Answer
    B 6 Correct Answer Incorrect Answer
    C 7 Correct Answer Incorrect Answer
    D 8 Correct Answer Incorrect Answer
    E 9 Correct Answer Incorrect Answer

    Solution

    Reserve Bank of India (RBI) announced that the interest rate for short-term loans upto Rs 300,000 through Kisan Credit cards (KCC) will be seven per cent and interest subsidy will be 1.5 per cent for the current financial year (FY23) and next financial year (FY24).

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