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Standard farm credit and small enterprise loans are provided at:
A0.25 per cent
B0.75 per cent
C1.25 per cent
D2.25 per cent
Answer & Solution
Correct answer: A. 0.25 per cent
1. Standard assets carry a small general provision.
2. Farm credit, housing and SME loans get the lowest rate.
3. That rate is 0.25 per cent.
_Source: RBI Master Circular, Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances_
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