Question

Suresh Chauhan was born on 8th November, 1956. He has obtained a recommendation letter from the Panchayat Pradhan. He has four acres of cultivable land with two crops in each piece of land. Ha can pledge Rs. 8 lakhs as collateral. He has no outstanding loan from the bank.

• 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: (D)

If the case is to be referred to the Chairman of the bank

Since He has four acres of cultivable land with two crops in each piece of land, his case is to be referred to the Chairman of the bank