Multiple choice

The term ‘loans and advances’ will not include loans or advances against

  1. stocks and shares

  2. life insurance policies

  3. government securities

  4. All of the above

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The term ‘loans and advances’ will not include loans or advances against

Government securities

Life insurance policies

Fixed or other deposits

Stocks and shares

Temporary overdrafts for small amounts, i.e. upto Rs. 25,000.

Casual purchase of cheques up to Rs. 5000.

Housing loans, car advances, etc. granted to an employee of the bank under any scheme applicable generally to employees.