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Banking Awareness · Q213

Banking Awareness MCQs for Banking exams, IBPS, SBI

Banking Awareness · Banking Awareness · question 213

Q213

For repayment of loan availed from Banks NBFC we come across a term known as EMI What does it stand for?

A.
Equated Money Index
B.
Easy Money Installment
C.
Equated Monthly Installment
Answer
D.
Equal Monthly Installment

Answer: Option C

Solution

Answer: Option C
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