GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Expand DRI related to a scheme meant for weaker section of our country.
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Different rate of interest
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Differential rate of interest
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Different ration for IndiAns
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Different rate of interest-bond
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Explanation:
Detailed explanation-1: -The loan scheme enables banks to lend to weaker section of the society at a concessional interest rate. The interest rate applicable is 4% per annum. Purpose of DRI scheme – Provides concessional rate of interest at 4% p.a. to the weaker communities in the society.
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