Jun 2, Banking Awareness Questions and Answers. To be eligible for raising loan under PMEGP, the annual family income of the beneficiary should not be more than. A loan is guaranteed by a surety.
When the Principal Debtor failed to repay the loan, bank asked the surety to pay which was paid by him. On making payment, the surety became entitled to all rights and remedies which the bank had against the principal debtor.
This right of surety is called. For how much period an NPA account remains sub standard after which it is classified as doubtful asset even if there is enough security to cover the advance? Banks are required to use Turnover Method for calculating working capital requirements of the SSI borrowers where working capital limits are up to Rs 5 crore.
4 PM-Banking Awareness - Best 200 MCQ - Class - 1 - SBI Clerk Mains, IBPS RRB PO/Clerk & Others
This method assumes a working capital cycle of how many months? Labels: Banking Awareness.
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