MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Business Studies

Pre-Shipment Finance

Factors to co...

Question

Factor(s) to consider before choosing trade credit or bank credit is/are _______.

A

Rate of interest

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

Processing fees

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

Foreclosure charges

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

All of the above

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is D All of the above
Trade credit is provided by the suppliers whereas bank credit is provided by the banking companies. Factors to consider before choosing trade credit or bank credit are:a) Rate of interest
b) Processing fees
c) Foreclosure charges.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Consider the following about Credit rating agencies:

1. They are government agencies which evaluate credit worthiness of a client or company
2. CRISIL is an international credit rating agency.

Which of the above are correct?

Q. State whether the following statements are TRUE or FALSE.

1. Credit rationing is quantitative credit control measure of Central bank.
2. Regulation of Consumer Credit is a quantitative credit control measure of Central Bank.
3. Bank Rate is the selective credit control measure used by the Central Bank of the country.
4. Central Bank also performs commercial banking business.
5. The main objective of a Central Bank is to earn profit.

Explain trade credit and factoring as a source of finance for a business enterprise.

Q. Micro-credit or micro-finance is a novel approach to banking with the poor. In this approach bank credit is extended to the poor through ______________.

Q. Micro credit or micro-finance is a novel approach to banking with the poor. In this approach, bank credit is extended to the poor through _________.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Export Import Procedure

BUSINESS STUDIES

Watch in App

explore_more_icon

Explore more

Pre-Shipment Finance

Standard XI Business Studies

Join BYJU'S Learning Program

CrossIcon