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Question

Study the following information carefully and answer the questions given below: A farmer is applying for the loan of Rs. 10 lakhs from the gramin bank. The farmer must- 1 should not be more than 45 years of age as of 01-07-2020 2 have at least 3 acres of land. 3 should not have any unpaid loan from the bank. 4 should be able to produce collateral of at least Rs. 5 lakhs. 5 should to be able to produce letter from the gram Pradhan. If the farmer fulfills all the eligibility criteria except- (a) (a) At (2) but is able to cultivate more than one crop, the case is to be referred to the manager. (b) (b) At (3) but has fixed deposit of Rs. 5 lakhs with the bank, the case is to be referred to the chairman.

Rajesh has obtained a letter from gram Pradhan. He has 5 acres of cultivable land. He was born of 10th January 1968. He doesn’t have any unpaid loan from the bank.

Will the loan be granted to Rajesh?

A Loan not to be granted Correct Answer Incorrect Answer
B Case referred to the manager Correct Answer Incorrect Answer
C Case referred to the chairman Correct Answer Incorrect Answer
D Loan to be granted Correct Answer Incorrect Answer
E Data inadequate Correct Answer Incorrect Answer

Solution

He fulfills all the criteria except his age, his age is 52 years, so he is not eligible for the loan.

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