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      Question

      ___________ under the Banking Regulation Act, 1949 means

      a loan or advance made on the security of assets the market value of which is not at any time less than the amount of such loan or advance; and "unsecured loan or advance" means a loan or advance not so secured
      A Loan Correct Answer Incorrect Answer
      B Secured Loan Correct Answer Incorrect Answer
      C Secured Advance Correct Answer Incorrect Answer
      D Either (b) or (c) Correct Answer Incorrect Answer

      Solution

      Either (b) or (c), Explanation: Section 5(n).

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