Question

Loan  granted for purchase of white goods by the banks is known as  ______.

A Consumption loan Correct Answer Incorrect Answer
B White goods loan Correct Answer Incorrect Answer
C Consumer durable loan Correct Answer Incorrect Answer
D Business loan Correct Answer Incorrect Answer
E Proprietary loan Correct Answer Incorrect Answer

Solution

Consumer Durable loan is a finance option for purchase of household items like Washing Machines, Refrigerators, AC, Color TV, LCD, Microwaves etc.

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