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      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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