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    Question

    According to RBI, a microfinance loan is a

    collateral-free loan to which type of household?
    A Middle-income Correct Answer Incorrect Answer
    B High net-worth Correct Answer Incorrect Answer
    C Priority sector Correct Answer Incorrect Answer
    D Low-income Correct Answer Incorrect Answer
    E Urban salaried Correct Answer Incorrect Answer

    Solution

    Households with income up to ₹3 lakh are eligible.

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