CURRENT AFFAIRS

2018

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Above how many crores did Union Government makes passport mandatory for bank loans?
A
50
B
60
C
70
D
45
Explanation: 

Detailed explanation-1: -The following documents are required along with your Personal Loan application: Identity proof (copy of passport/voter ID card/driving license/Aadhaar) Address proof (copy of passport/voter ID card/driving license/Aadhaar) Bank statement of previous 3 months (Passbook of previous 6 months.

Detailed explanation-2: -Bank loans require proper documents and collateral. Absence of collateral is one of the major reasons why the banks might not be willing to lend to certain borrowers. If Manav cannot produce proper documents or pledge some assets as collateral then he will have to borrow from a money lender.

Detailed explanation-3: -Bank of India (BOI) is an Indian public sector bank headquartered in Bandra Kurla Complex, Mumbai. Founded in 1906, it has been government-owned since nationalisation in 1969.

Detailed explanation-4: -Currently, there are a total of 34 nationalized banks in India of which 12 are Indian government banks and the rest 22 are private sector banks. Below is a list of all banks in India.

There is 1 question to complete.