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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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