Question:medium

Match List-I with List-II:

Choose the correct answer from the options given below:

Show Hint

Loan types:Self-liquidating = short-term repayable by income; Unsecured = trust-based; Chattel = movable assets; Key = stored produce.
  • (A) - (III), (B) - (I), (C) - (IV), (D) - (II)
  • (A) - (I), (B) - (II), (C) - (III), (D) - (IV)
  • (A) - (III), (B) - (IV), (C) - (I), (D) - (II)
  • (A) - (II), (B) - (III), (C) - (IV), (D) - (I)
Show Solution

The Correct Option is A

Solution and Explanation

Step 1: Chattel loans are secured by movable property, so C - (IV); this rules out options (2) and (3).
Step 2: Self-liquidating loans are repaid from the income they finance within a season, so A - (III); this rules out option (4).
Step 3: The remaining match (A)-(III), (B)-(I), (C)-(IV), (D)-(II) confirms option (1) is correct.
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