The Reserve Bank of India (RBI) has asked lenders to provide borrowers 90 days for repayment of housing, car, farm and other loans worth up to ___________ rupees, saying that the dispensation will apply to dues payable between 1st November and 31st December.

One crore rupees

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Fifty crore rupees

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Twenty crore rupees

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Ten lakh rupees

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None of these

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Solution

The correct option is A One crore rupees
The Reserve Bank of India (RBI) has asked lenders to provide borrowers 90 days for repayment of housing, car, farm and other loans worth up to 1 crore rupees, saying that the dispensation will apply to dues payable between 1st November and 31st December. In a notification, RBI said, on a review, it has been decided to provide another 30 days over and above the existing 60 days.

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