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       Mary secured 75% in the entrance exam to NVT college, pune and has obtained admission. An Indian national, she has the necessary property to offer as security for the loan amount. The duration of her UG degree course in Computer applications is 3 yr. 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

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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       Mary secured 75% in the entrance exam to NVT college, pune and has obtained admission. An Indian national, she has the necessary property to offer as security for the loan amount. The duration of her UG degree course in Computer applications is 3 yr. 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