Question

Kamal Sawant can produce a recommendation letter from the Panchayat Pradhan. He can produce collateral of Rs. 8 lakhs. He has outstanding loan of Rs. 5 lakhs from the bank and also has fixed deposit of Rs. 3 lakhs with the bank. He was born on 8th May, 1957.

• A. If the advance is not to be granted
• B. If the case is to be referred to the General Manager of the bank
• C. If the advance is to be granted
• D. If the case is to be referred to the Chairman of the bank

Answer 1

Answer: (A)

If the advance is not to be granted

He is not 50 years old.