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In the context of P2P lending, which of the following statements is/are true? 1. A single lender can lend up to 1 crore over all lending platforms. 2. On a single platform, not more than 50,000 can be lent to a single borrower. 3. Maturity of loans cannot exceed 24 months. 4. A single borrower can borrow up to a maximum amount of 5 lakhs.

1. All of the above
2. Only 1
3. Only 2
4. Only 3

Correct answer: Only 2

Solution

Under RBI guidelines for P2P lending, a lender cannot lend more than the prescribed aggregate limit across platforms, and a borrower cannot borrow beyond the specified overall cap. The statement about lending up to 50,000 to a single borrower on a single platform is correct. Hence, only statement 2 is true.

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