New Enroll in RBI Grade B New Batch - Starts on May 21

    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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