A bank is disbursing educational loans to meritorious students. Loans will be made available to applicants who possess the following criteria. The candidate must (i) be a citizen of India (ii) have secured admission to a post -graduate course (master’s or PG diploma) offered by an Indian or foreign university in India (iii) have secured 60% marks in the entrance exam for the course (iv) have security (property/LIC policy) equivalent to the loan amount However, it the applicant fulfils the above mentioned criteria except (a) at (ii) above, the case may  be referred to the loan committee (b) at (iv) above, guarantee of a 3rd party who has an account with bank may be obtained       Mohan has applied and secured admission for PG degree in advertising at MIC university, Ahmedabad. He has an LIC policy equivalent to the loan amount. He secured 70% in his graduation and is an Indian citizen. Given answer (a) if the loan is to be sanctioned (b) if the loan is to be rejected (c) if the loan is to be referred to the loan committee (d) if the data provided are not adequate to take a decision

Question ID - 53376 | SaraNextGen Top Answer

A bank is disbursing educational loans to meritorious students. Loans will be made available to applicants who possess the following criteria. The candidate must (i) be a citizen of India (ii) have secured admission to a post -graduate course (master’s or PG diploma) offered by an Indian or foreign university in India (iii) have secured 60% marks in the entrance exam for the course (iv) have security (property/LIC policy) equivalent to the loan amount However, it the applicant fulfils the above mentioned criteria except (a) at (ii) above, the case may  be referred to the loan committee (b) at (iv) above, guarantee of a 3rd party who has an account with bank may be obtained       Mohan has applied and secured admission for PG degree in advertising at MIC university, Ahmedabad. He has an LIC policy equivalent to the loan amount. He secured 70% in his graduation and is an Indian citizen. Given answer (a) if the loan is to be sanctioned (b) if the loan is to be rejected (c) if the loan is to be referred to the loan committee (d) if the data provided are not adequate to take a decision