Question

Yusuf Ali has six acres of cultivable land and he doesn't have any outstanding loan from the bank. He can produce a recommendation letter from the Panchayat Pradhan. He can produce collateral of Rs. 9 lakhs. He was born on 9th January, 1957.

• 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 given consitions are satisfied, loan is to be granted.