Economics · Economy
Examine the following statements regarding the RBI regulatory framework for microfinance loans: I. The pricing of microfinance loans by a Regulated Entity shall be subject to a strict ceiling of 'Cost of Funds plus 10 percent' for large MFIs. II. Every Regulated Entity shall display the minimum, maximum, and average interest rates charged on microfinance loans in all its offices and on its website. III. The interest rate on a microfinance loan shall be calculated on a 'Reducing Balance' basis only. IV. If a borrower defaults, the penal charges, if any, shall be applied only on the overdue amount and not on the entire loan balance.
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- 1All statements are correct
- 2Statements I and II are correct
- 3Statements I and III are correct
- 4Statements II, III, and IV are correct✓
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Statements II, III, and IV are correct
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