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Business Studies

Loans from Financial Institutions

Other than pr...

Question

Other than providing funds, many development institutions provide financial, managerial and technical advice and consultancy to business firms.

A

True

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B

False

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Solution

The correct option is A
True

Other than providing funds, many institutions provide financial, managerial and technical advice and consultancy to business firms. This source of financing is considered suitable when large funds for longer duration are required for expansion, reorganization, and modernization of a firm.

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