According to the Reserve Bank of India a microfinance loan is defined as a collateral free loan give...........

Current GK (IBPS RRB-PO) Indian Economy

According to the Reserve Bank of India, a microfinance loan is defined as a collateral-free loan given to a household having an annual household income of up to Rs. ________.

This questions was previously asked in

RRB Officer Scale-I Mains (1st Oct 2022)

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1 lakh

5 lakh

10 lakh

3 lakh

7.5 lakh

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Explanation:

Correct option is 4: 3 Lakh

According to the Reserve Bank of India, a microfinance loan is defined as a collateral-free loan given to a household having an annual household income of up to Rs 3 lakh.