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    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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