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    Question

    What is the maximum limit for loans/advances to

    individuals from banking systems against the security of shares, specifically for subscribing to IPOs?
    A There is no limit Correct Answer Incorrect Answer
    B Rs. 5 lakhs Correct Answer Incorrect Answer
    C Rs. 20 lakhs Correct Answer Incorrect Answer
    D Rs. 10 lakhs Correct Answer Incorrect Answer
    E Rs. 15 lakhs Correct Answer Incorrect Answer

    Solution

    As per RBI Circulars & guidelines, the maximum limit for loans/advances to individuals from banking systems against the security of shares, specifically for subscribing to Initial Public Offerings (IPOs), is Rs. 10 lakhs.

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