Question

Vilas Deshmukh was born on 3rd February, 1956. He has six acres of cultivable land. He has submitted a recommendation .letter issued by the Panchayat Pradhan. He can pledge collateral of more than Rs. 8 lakhs. He doesn't have any unpaid loan from 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

The correct option is C If the advance is to be granted

All the conditions are satisfied. Hence advance is to be granted.