Challenger App

No.1 PSC Learning App

1M+ Downloads
In a consortium, how are decisions related to the loan generally made?

ABy the borrower

BBy the RBI

CJointly by all participating banks

DIndividually by each lender

Answer:

C. Jointly by all participating banks

Read Explanation:

.


Related Questions:

Which of the following digital initiatives is commonly used by RRBs under NABARD's tech support?
Can loans be taken against FCNR(B) deposits?
Under which act are Local Area Banks governed?
Consider the following statements.
In accordance with RBI’s AML measures, recordkeeping of transactions is mandated for a minimum of: