BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Banks are not likely to give loans against which of the following?
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Fixed deposits
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Shares of blue chip companies
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Gold and silver jewellery
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None of the given options is true
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Explanation:
Detailed explanation-1: -The correct option is (d) Payday lender.
Detailed explanation-2: -Unsecured Loans The bank analyses the past relationship with the borrower, the credit score, and other factors to determine whether the loan should be given or not. The interest rate for such loans can be higher as there is no way to recover the loan amount if the borrower defaults.
Detailed explanation-3: -Detailed Solution. The correct answer is Payments Banks cannot sell mutual funds, insurance and pension funds but Small Finance Banks can.
There is 1 question to complete.