Banking Banking Awareness Banking Regulation System of India Question Bank Previous Years Questions - Credit Functions of Banks

  • question_answer Which of the following correctly describes what sub-prime lending is?            [IOB 2008]
    (1) Lending to the people who cannot return the loans.
    (2) Lending to the people who are high- value customers of the banks.
    (3) Lending to those who are not a regular customer of a bank.

    A)  Only (1)

    B)  Only (2)

    C)  Only (3)

    D)  All (1), (2) & (3)

    E)  None of these

    Correct Answer: C

    Solution :

    Not Available


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