Multiple choice

Directions: Choose the option that is not an effect of the given cause. Cause: Many private sector banks have reduced interest rate on housing loans in comparison to public sector banks. Which of the following cannot be a possible effect of the above cause?

  1. Public sector banks will also adopt such policy to remain in competition.

  2. Public sector banks will advertise their special features.

  3. Regulator authority will slap a fine on the private sector banks.

  4. Many people will come for housing loans.

  5. All of these can be the effects.
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Banks are within their rights to increase an decrease the interest rate. The statement does not mention it as an illegal activity.

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