GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The formal way of lending includes lending from?
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RRB
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Co-operative Banks
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Public Sector Banks andPrivate Sector Banks
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All of the above
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Explanation:
Detailed explanation-1: -A bank named ABC Ltd., lending $100 million to XYZ Ltd. to set up a road project on commercial terms is an example of the lending process. ABC Ltd., in this process, is the lender. In the same example, XYZ Ltd. borrowed $100 million to use that money to set up the road project.
Detailed explanation-2: -Personal Loans: Most banks offer personal loans to their customers and the money can be used for any expense like paying a bill or purchasing a new television. Credit Card Loans: Home Loans: Car Loans: Two-Wheeler Loans: Small Business Loans: Payday Loans: Cash Advances: More items
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