GK
RTI ACT 2005
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
A broker dealing in betel nuts, betel leaves etc
|
|
|
An official
|
|
|
Licensed money lender
|
|
|
None of the above
|
Detailed explanation-1: -The only difference between a money lender and a pawn broker is, the latter is authorised to accept valuable articles like Gold and or ornaments or any chattel as pledge or security for repayment.
Detailed explanation-2: -(Learn how and when to remove this template message) A pawnbroker is an individual or business (pawnshop or pawn shop) that offers secured loans to people, with items of personal property used as collateral. The items having been pawned to the broker are themselves called pledges or pawns, or simply the collateral.
Detailed explanation-3: -In many cases, the shop will lend 25% to 60% of the resale value of the collateral. The average amount of a pawnshop loan is $150, according to the National Pawnbrokers Association. A pawnshop typically gives you 30 to 60 days to repay a loan.
Detailed explanation-4: -A pawnbroker is someone who lends money according to the value of goods left with them (pledged). When you leave your goods with the pawnbroker they must give you a receipt known as a ticket.