New Click here to Enroll for SIDBI MSME Expert Class by ex-GM, SBI on Nov 24

    Register

    Question

    What is true about the teaser loan rates charged by banks?

    A Fixed rate of interest charged by banks Correct Answer Incorrect Answer
    B Floating rate of interest charged by banks Correct Answer Incorrect Answer
    C Rate of interest in the initial period is less Correct Answer Incorrect Answer
    D Rate of interest in the initial period is more and it goes down subsequently. Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The correct answer is C

    Practice Next

    Relevant for Exams: