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      Question

      What is the revised limit for collateral-free agriculture loans as per the recent RBI announcement?

      A ₹1 lakh Correct Answer Incorrect Answer
      B ₹1.6 lakh Correct Answer Incorrect Answer
      C ₹2 lakh Correct Answer Incorrect Answer
      D ₹2.5 lakh Correct Answer Incorrect Answer
      E ₹3 lakh Correct Answer Incorrect Answer

      Solution

      The Reserve Bank of India (RBI) has raised the limit for collateral-free agriculture loans to ₹2 lakh from the earlier ceiling of ₹1.6 lakh. This decision accounts for increasing agricultural input costs and inflation, ensuring better credit access for small and marginal farmers.

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