Micro Credits are loans

Home / Banking Awareness / Banking Awareness Miscellaneous / Question

Examveda

“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)

D. None of these

Answer: Option C

This Question Belongs to Banking Awareness >> Banking Awareness Miscellaneous

Join The Discussion

Related Questions on Banking Awareness miscellaneous

Section 9 of the Banking Regulation Act prohibits the banking Companies from holding any immovable property except for its own use for a period of not more property. The RBI may extend this period for a further period of ______:

A. 2 years

B. 4 years

C. 5 years

D. 6 years

View Answer

Which of the following stock exchange is derecognized by SEBI on 19.11.2014 on the allegations of serious irregularities in its functioning?

A. Bombay Stock Exchange

B. Delhi Stock Exchange

C. Calcutta Stock Exchange

D. Bangalore Stock Exchange

View Answer

Which of the following is not a function of General Insurance?

A. Cattle Insurance

B. Crop Insurance

C. Fire Insurance

D. Medical Insurance

View Answer

Liability- side of the balance-sheet comprises:

A. Capital and reserve

B. Long-term liabilities

C. Current liabilities

D. All of the above

View Answer

More Related Questions on Banking Awareness miscellaneous