Question

    ___________ under the Banking Regulation Act, 1949 means

    a loan or advance made on the security of assets the market value of which is not at any time less than the amount of such loan or advance; and "unsecured loan or advance" means a loan or advance not so secured
    A Loan Correct Answer Incorrect Answer
    B Secured Loan Correct Answer Incorrect Answer
    C Secured Advance Correct Answer Incorrect Answer
    D Either (b) or (c) Correct Answer Incorrect Answer

    Solution

    Either (b) or (c), Explanation: Section 5(n).

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