Question

Mahipal Rana was born 8th March, 1956. He can produce a recommendation letter from the Panchayat Pradhan. He does not have any outstanding loanHe has fixed deposit of Rs. 5 lakhs is addition to his collateral of Rs. 8 lakhs.He has four acres of cultivable land with only one crop.

• 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

The correct option is A If the advance is not to be granted

Since he has less than 8 acres of cultivable land with only one crop, advance is not be granted.