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 Nirmal’s part time PG diploma in management will begin in December. He secured 65% in the all Indian entrance exam and has secured admission to a college in Mumbai. He has requested a transfer for the duration of course. He has an LIC policy equivalent to the loan amount. Nirmal holds an Indian passport. 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 guarantee from an account holder is needed |
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 Nirmal’s part time PG diploma in management will begin in December. He secured 65% in the all Indian entrance exam and has secured admission to a college in Mumbai. He has requested a transfer for the duration of course. He has an LIC policy equivalent to the loan amount. Nirmal holds an Indian passport. 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 guarantee from an account holder is needed |
Candidate |
(i) |
(ii)(a) |
(iii) |
(iv)(b) |
Nirmal |
√ |
√ |
√ |
√ |