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      Question

      Housing loans extended at "teaser rates" by an NBFC-UL

      require a provision of:
      A 0.25% Correct Answer Incorrect Answer
      B 0.40% Correct Answer Incorrect Answer
      C 0.75% Correct Answer Incorrect Answer
      D 1.00% Correct Answer Incorrect Answer
      E 2.00% Correct Answer Incorrect Answer

      Solution

      Housing loans at teaser rates require a 2.00% provision, which decreases to 0.40% one year after the rates are reset. Housing loans extended at teaser rates shall mean housing loans having comparatively lower rates of interest in the first few years after which the rates of interest are reset at higher rates

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