Single Answer MCQ
Q-00045491
In the context of credit in rural India, what does RBI ensure regarding banks?
1
They offer loans to rich clients only
2
They lend at high interest rates
3
They follow guidelines for lending
4
They provide loans without documentation
Answer and Solution
Answer
C. They follow guidelines for lending
Solution:
RBI ensures banks follow prescribed guidelines for lending, making the process fair and regulated rather than arbitrary.
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