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Question 1 of 10
1. Question
What is the main feature of the PM Vidyalaxmi Education Loan?
Correct
PM Vidyalaxmi offers collateral-free and guarantor-free education loans to students admitted on their own merit to Quality Higher Education Institutions (QHEIs) in India.
Incorrect
PM Vidyalaxmi offers collateral-free and guarantor-free education loans to students admitted on their own merit to Quality Higher Education Institutions (QHEIs) in India.
Unattempted
PM Vidyalaxmi offers collateral-free and guarantor-free education loans to students admitted on their own merit to Quality Higher Education Institutions (QHEIs) in India.
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Question 2 of 10
2. Question
Which of the following students can be eligible for the PM Vidyalaxmi Education Loan?
Correct
Eligible students include Indian Nationals, including NRIs, and Overseas Citizens of India (OCIs).
Incorrect
Eligible students include Indian Nationals, including NRIs, and Overseas Citizens of India (OCIs).
Unattempted
Eligible students include Indian Nationals, including NRIs, and Overseas Citizens of India (OCIs).
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Question 3 of 10
3. Question
How is the quantum of finance determined under the PM Vidyalaxmi Education Loan?
Correct
Need-based finance is provided to meet the required education expenses.
Incorrect
Need-based finance is provided to meet the required education expenses.
Unattempted
Need-based finance is provided to meet the required education expenses.
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Question 4 of 10
4. Question
What is the margin requirement for institutes under the AAA and AA categories?
Correct
For institutes under AAA and AA categories, the margin requirement is Nil.
Incorrect
For institutes under AAA and AA categories, the margin requirement is Nil.
Unattempted
For institutes under AAA and AA categories, the margin requirement is Nil.
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Question 5 of 10
5. Question
What is the margin requirement for other institutes when the loan amount is above Rs. 4 lakh?
Correct
For other institutes, the margin is Nil up to Rs. 4 lakh and 5% for amounts above Rs. 4 lakh.
Incorrect
For other institutes, the margin is Nil up to Rs. 4 lakh and 5% for amounts above Rs. 4 lakh.
Unattempted
For other institutes, the margin is Nil up to Rs. 4 lakh and 5% for amounts above Rs. 4 lakh.
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Question 6 of 10
6. Question
Which of the following is included in the KYC details required from the student-applicant?
Correct
The KYC details include Aadhaar, PAN ID and address proof.
Incorrect
The KYC details include Aadhaar, PAN ID and address proof.
Unattempted
The KYC details include Aadhaar, PAN ID and address proof.
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Question 7 of 10
7. Question
Which document is required along with the fee structure from the institution?
Correct
The offer letter from the institution along with the fee structure is included in the required documents.
Incorrect
The offer letter from the institution along with the fee structure is included in the required documents.
Unattempted
The offer letter from the institution along with the fee structure is included in the required documents.
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Question 8 of 10
8. Question
What security arrangement is specified under the PM Vidyalaxmi Education Loan?
Correct
Parents or guardians are taken as joint borrowers, and the future income of the student is assigned to the bank towards repayment.
Incorrect
Parents or guardians are taken as joint borrowers, and the future income of the student is assigned to the bank towards repayment.
Unattempted
Parents or guardians are taken as joint borrowers, and the future income of the student is assigned to the bank towards repayment.
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Question 9 of 10
9. Question
What is the repayment period under PM Vidyalaxmi, excluding the moratorium period?
Correct
The repayment period is 15 years, excluding the moratorium period.
Incorrect
The repayment period is 15 years, excluding the moratorium period.
Unattempted
The repayment period is 15 years, excluding the moratorium period.
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Question 10 of 10
10. Question
For an annual family income up to Rs. 4.5 lakh, what interest subvention is available for Technical/Professional Courses under PM-USP CSIS?
Correct
For annual family income up to Rs. 4.5 lakh, 100% interest subvention under PM-USP CSIS is available for Technical/Professional Courses as provided in the scheme details.
Incorrect
For annual family income up to Rs. 4.5 lakh, 100% interest subvention under PM-USP CSIS is available for Technical/Professional Courses as provided in the scheme details.
Unattempted
For annual family income up to Rs. 4.5 lakh, 100% interest subvention under PM-USP CSIS is available for Technical/Professional Courses as provided in the scheme details.