Question

Which of the following statements about Kotak Mahindra Bank's 'Smart Choice Gold Loan' is/are incorrect? 1. Kotak Mahindra Bank introduced 'Smart Choice Gold Loan' for customers. 2. Unlike other credit products, gold loan has a stringent application and disbursal process. 3. Borrowers utilizing gold as collateral can enjoy lower interest rates compared to conventional credit.

A Statements 1 and 2
B Statements 2 and 3
C Statements 1 and 3
D Only Statement 2
E All Statements 1, 2, and 3
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