Question

Match List-I with List-II

List-I (Types of Loan) & List-II (Definition)
(A). Self liquidating loan & (I). Loan extended based on confidence between borrower and lender
(B). Unsecured loan & (II). The loan advanced against the produce kept under the control of the lending institution
(C). Chattel loan & (III). The loan from which income generated help the farmer to repay entire loan amount in the same season or accounting year
(D). Key loan & (IV). Specific type of loan advanced against movable properties
Choose the correct answer from the options given below:

• (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)

Hint:

To remember:
- Key Loan: Collateral is agricultural produce kept literally under the bank's lock and key.
- Chattel Loan: Collateral is movable property (livestock, machinery).
- Self-liquidating: Repays itself within one season.

Answer 1

The Correct Option is A