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Question

The minimum requirement of microfinance loans for NBFC-MFIs is ________.

This question was previously asked in
SSC CGL 2023 (Tier-II) Paper 1 Previous Year Paper (26-Oct-2023) (Shift-1)
The correct answer is

75% of the total assets

The minimum requirement of microfinance loans for NBFC-MFIs (Non-Banking Financial Company-Micro Finance Institutions) is 75% of the total assets as per the guidelines set by the RBI for these institutions.

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Similar Questions

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Important Questions from Economy

  1. When was the Rashtriya Swasthya Bima Yojana introduced to provide health insurance to people below the poverty line?

  2. Which of the following is an example of capital receipts?

  3. During the period of 1947 to 1990, how many five-year plans were completed? 

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