πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!


    ⚑ Azaadi sale - Celebrate Independence Day with Flat 55% Off On all courses! 13 to 17 Aug ⚑ Enroll Now

    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).

    Practice Next
    ask-question

    Not sure which exam is best for you Talk to our expert

    Get My Free Call