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      Question

      In the context of NBFC financing , which of the

      following is an example of secured financing ?
      A Personal loan Correct Answer Incorrect Answer
      B Vehicle loan Correct Answer Incorrect Answer
      C Microfinance loan Correct Answer Incorrect Answer
      D Credit card loan Correct Answer Incorrect Answer
      E All are secured loans Correct Answer Incorrect Answer

      Solution

      A vehicle loan is a type of secured financing where the vehicle itself serves as collateral . In case of default, the NBFC can seize the vehicle to recover the outstanding loan amount.  

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