Consider the following statements about NBFC–MFIs: 1. NBFC–MFIs cannot charge interest rates beyond the ceiling prescribed by the RBI. 2. The maximum variance permitted for individual loans between the minimum and maximum interest rate is 4%. Which of the above statements is/are correct based on traditional RBI guidelines?

Options:

• A: Only 1
• B: Only 2
• C: Neither 1 nor 2
• D: Both 1 and 2

Related Practice Questions:

• Which of the following artifacts, extensively found at Burzahom and Gufkral, specifically indicates that the Neolithic inhabitants of Kashmir practiced sewing animal skins for clothing to survive the harsh winters?
• The earliest known evidence of rock art in India, in the form of 'Cupules' (hemispherical cup-shaped depressions carved into rock), belongs to the Lower Paleolithic age and was found at:
• The first human colonization of the fertile Ganga plains, as evidenced by archaeological discoveries at Sarai Nahar Rai and Mahadaha, took place during which period?
• Which prehistoric site located in the Thar Desert of Rajasthan provides a continuous and undisturbed profile of Lower, Middle, and Upper Paleolithic cultures?