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Banking Awareness · Q270

Banking Awareness MCQs for Banking exams, IBPS, SBI

Banking Awareness · Banking Awareness · question 270

Q270

A personal loan is a kind of unsecured loan which can be used for any purpose that the borrower deems necessary. The loan backed only by promise to repay, and for this reason the personal loan also called

A.
Transfer loan
B.
Signature loans
Answer
C.
Priority sector loan
D.
Secured loans

Answer: Option B

Solution

Answer: Option B
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