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Commerce · Q295

Banking and Financial Institutions

Graduate and Post Graduate · Commerce · question 295

Q295

Which of the following statement is not true with respect to wilful defaulter?

A.
Financially capable to repay and yet does not do so
B.
One who diverts the funds for purposes other than the fund was availed for
C.
With whom funds are not available in the form of assets as funds have been siphoned off
D.
All are true
Answer

Answer: Option D

Solution

Answer: Option D
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