Multiple choice

Bank of Baroda and Maruti Suzuki India Ltd., joined together to serve the prospective new-car buyers in India. A Memorandum of Understanding to this effect was signed together by them in Mumbai, according to which the dealers of the maruti cars in India will apprise the prospective Maruti car buyers about the car-loan advantages of the Bank of Baroda and help them in applying for it. The nearest branch of the Bank will promptly process the Application and disburse the loan within _______ hours.

  1. 48

  2. 24

  3. 18

  4. 72
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A Correct answer
Explanation

Under the Bank of Baroda-Maruti Suzuki partnership, the bank committed to processing car loan applications within 48 hours. The nearest Bank of Baroda branch would promptly process applications and disburse loans within this 2-day turnaround time, making it attractive for customers. 24 hours would be unusually fast, while 72 and 18 hours are not mentioned in the agreement.

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