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Question
Which of the following is qualitative method of Credit Control?
Which of the following is qualitative method of Credit Control?
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Solution
The correct option is D Regulation of consumer credit
Consumer credit
refers to a personal debt taken by a consumer on the purchase of goods and
services for the satisfaction of wants. Regulation of consumer credit act as a
qualitative credit control measure of the central bank as in the time of
inflation or deflation, they regulate the consumer credit on a certain relative
products in order to regulate uncertain market conditions.
Consumer credit refers to a personal debt taken by a consumer on the purchase of goods and services for the satisfaction of wants. Regulation of consumer credit act as a qualitative credit control measure of the central bank as in the time of inflation or deflation, they regulate the consumer credit on a certain relative products in order to regulate uncertain market conditions.
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