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    Question

    RBI recently allowed banks to provide working capital

    loans to manufacturers using which raw materials?┬а
    A Coal and Iron Correct Answer Incorrect Answer
    B Cotton and Jute Correct Answer Incorrect Answer
    C Gold and Silver Correct Answer Incorrect Answer
    D Steel and Aluminium Correct Answer Incorrect Answer
    E Oil and Gas Correct Answer Incorrect Answer

    Solution

    RBI has extended the facility of need-based working capital loans, earlier limited to jewellers, to manufacturers using gold or silver as raw materials. These loans are secured against the metals but cannot be used for investment or speculation. The move aims to boost manufacturing, ease credit access, and support MSMEs .┬а

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