Module: | Priority Sector, Consumer Protection & Digital Lending
Q157: While the general rule mandates that interest shall be charged on all advances at monthly rests, which specific category of advances is exempted and governed by separate circulars?
✅ Correct Answer: C
The Directions mandate that interest shall be charged on all advances at monthly rests, provided that interest on agricultural advances and advance to farmers shall be charged as per specific instructions contained in separate RPCD circulars.