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Benefits of Debentures

Are there any...

Question

Are there any restrictions on the purpose for which a bank loan may be used?

A

Yes

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B

No

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C

Can't say

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D

None of these

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Solution

The correct option is A
Yes

Yes. There are several restrictions on the purpose for which a bank loan may be used.

For example, a loan borrowed to buy machinery can only be used for that particular purpose.

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