BANKING GENERAL KNOWLEDGE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Which of the following products of a bank is specifically designed to provide financial help to children in their higher studies in India or in a foreign nation?
|
|
Personal Loan
|
|
|
Corporate Loan
|
|
|
Educational Loan
|
|
|
Mortgage Loan
|
Explanation:
Detailed explanation-1: -Educational loan helps a student to get financial help so that he/she can study in their higher studies in India or in a foreign nation. Thus, exclusively educational loan deals with the financial help for pursuing higher studies.
Detailed explanation-2: -Banks are important facilitators of international trade. Besides providing liquidity they guarantee payment for around a fifth of world trade, in particular when the contract enforce-ment of the importing country is weak.
Detailed explanation-3: -As per AS 26, Financial Asset includes all deposits and investments in Shares, Debentures, etc.
There is 1 question to complete.