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  9. Q19

ibps-so 2018 · Question 19 of 356

What is the interest rate given to farmers who taken a loan of 3 lakh if the farmer has repaid the loan on time?

  1. A4%Correct
  2. B5%
  3. C6%
  4. D7%
  5. E8%

Answer: A. 4%

Explanation

The interest rate given to farmers who have taken a loan of 3 lakh and repaid it on time is 4%. This implies that if the farmer adheres to the scheduled repayment, they are entitled to a 4% interest rate on the loan.

Source: IBPS SO AFO Mains Memory Based 2018 - CareerPower · memory-based

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