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Consider the following statements.
  1. The evergreening of loans means, banks try to revive a loan that is on the verge of default by granting further loans to the same borrower.
  2. RBI’s surplus transfer or Dividend to the Government constitutes tax revenue to the Government.
Which of the above statements is/are correct?
  • a)
    1 only 
  • b)
    2 only 
  • c)
    Both 1 and 2 
  • d)
    Neither 1 nor 2
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements. The evergreening of loans means, ba...
Has implemented measures to curb the practice of evergreening of loans by banks.
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Consider the following statements. The evergreening of loans means, banks try to revive a loan that is on the verge of default by granting further loans to the same borrower. RBI’s surplus transfer or Dividend to the Government constitutes tax revenue to the Government.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?
Question Description
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