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Question : Which of the following is not a type of loan offered by banks?

Option 1: Home loan
Option 2: Car loan
Option 3: Education loan
Option 4: Share loan

Team Careers360 13th Jan, 2024

Answer (1)

Team Careers360 23rd Jan, 2024

Correct Answer: Share loan

Solution : The correct answer is (d) Share loan.

A share loan is not a type of loan typically offered by banks. Share loans, also known as stock loans or securities-based loans, are loans that use securities or stocks held by borrowers as collateral. These loans are commonly offered by specialized financial institutions or brokerage firms.

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