GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A loan bearing low rate of interest is known as ____?
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Soft loan
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Hard loan
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Real Loan
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Capital Loan
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Explanation:
Detailed explanation-1: -A soft loan is a loan with no interest or a below-market rate of interest. Also known as “soft financing” or “concessional funding, ‘’ soft loans have lenient terms, such as extended grace periods in which only interest or service charges are due, and interest holidays.
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