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  9. Q245

RBI Grade B Officer (General / DEPR / DSIM) 2022 · Question 245 of 276

Consider the following statements on Stand-Up India Scheme, and identify the correct statements: 1. It facilitates bank loans between Rs 10 lakh and Rs 1 crore to at least 1 SC or ST borrower and at least one-woman borrower per bank branch. 2. The loan shall be repayable in up to 7 years with a moratorium period of up to 36- months. 3. The rate of interest applicable on the loan would be the lowest applicable rate of bank for that category not exceeding MCLR+ 4%+ tenor premium.

Banking

  1. AA. Only 1Correct
  2. BB. Both 1 & 3
  3. CC. Only 3
  4. DD. All 1, 2 & 3
  5. EE. Both 2 & 3

Answer: A. A. Only 1

Official answer key verified. Detailed explanation coming soon.

Source: RBI Grade B Phase 2 2022 Economic and Social Issues recollected questions with answer key (EduTap compilation) · memory-based

← Q244View full paper (276 questions)Q246 →

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