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Question 1 of 25
Which of the following statements about the Reserve Bank of India (RBI) directive to banks on repayment of home loans is correct?
A. The rate of penalty charged by banks on pre-payment of home loans must the same
B. Banks cannot charge penalty on pre-payment of home loans
C. RBI will determine the rate of penalty charged by banks on pre-payment of home loans
D. Penalty charged by banks on pre-payment of home loans should depend on the amount and tenure of the loan
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