Question

Who is willful defaulter?

A Borrower Correct Answer Incorrect Answer
B Lender Correct Answer Incorrect Answer
C Mediator Correct Answer Incorrect Answer
D Supplier Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

A wilful defaulter is a borrower who has the ability to repay the bank but wouldn’t so deliberately. Here, the intent to pay back the money to the lender is absent.

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