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UPSC Economics Business and Foreign Trade / व्यापार और विदेश व्यापार Question Bank Money Supply and Indian Financial System

  • question_answer
          Consider the following in regards of types of loan:
    1. Draft Loan   
    2. Term Loan
    3. Cash credit   
    4. Overdraft
    Choose the one which is not a loan.

    A) 1 only                          

    B) 2 only

    C) 3 only                          

    D) 4 only

    Correct Answer: A

    Solution :

    Types of loan are term loan, cash credit, overdraft, or bills discounted.


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