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    • Question

      What is the primary objective of the Unified Lending

      Interface (ULI) introduced by RBI?
      A To regulate digital payments Correct Answer Incorrect Answer
      B To streamline credit appraisal for farmers and MSMEs Correct Answer Incorrect Answer
      C To increase interest rates on loans Correct Answer Incorrect Answer
      D To reduce the frequency of credit reports Correct Answer Incorrect Answer
      E To provide subsidy on agricultural loans Correct Answer Incorrect Answer

      Solution

      The RBI’s Unified Lending Interface (ULI) aims to revolutionize the lending sector by providing lenders with consent-based digital access to customers' financial and non-financial data, including land records, which will streamline credit appraisal, particularly for farmers and MSMEs.

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