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Banking Awareness · Q387

Banking Awareness MCQs for Banking exams, IBPS, SBI

Banking Awareness · Banking Awareness · question 387

Q387

“Micro Credits” are loans

A.
granted to distressed person (other than farmers) to pre-pay their debt to non- institutional lenders against appropriate collateral or group security,
B.
not exceeding 50.000 per borrower provided by banks
C.
both (1) and (2)
Answer
D.
None of these

Answer: Option C

Solution

Answer: Option C
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