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In case of a LAP, a mortgage loan is created where a property is available to the bank as security against the loan, which is an appreciating asset. In case of vehicle loan, the mortgage is created on the vehicle but it being a depreciating asset, the risk of recovery in case of default is still high. In case of LAS, the security is a volatile asset (shares value can change substantially) while credit card is an unsecured personal loan where credit risk is high.
Which of the following Articles of the Indian Constitution is related to the uniform civil code?
Which article of the Indian Constitution deals with the 'Proclamation of Emergency'?
Financial emergency provisions in the Indian Constitution are borrowed from the constitution of which country?
Under which Article of the Indian Constitution is the Advocate General for a State appointed by the Governor?
Which fundamental rights in the Indian constitution were inspired by the U.S. Constitution?
Article 280 of the Indian Constitution establishes the:
Which part of the Indian Constitution contains emergency provisions?
Which Article of the Indian Constitution states that no person shall be deprived of their property except by authority of law?
The President of India has the power of pardoning under which Article?
Which article of the Indian Constitution cannot be suspended even during a national emergency?